Highland Capital Brokerage acquires Hallett Financial Group and Quotacy : Highland Capital Brokerage


2022 JAN 21 (NewsRx) — By a News Reporter – Staff News Editor at News Mergers & AcquisitionsHighland Capital Brokerage, a national life insurance and annuity distribution company and subsidiary of Advisor group, announced the acquisitions of Hallett Financial Group, an independent insurance brokerage agency based in Minneapolis, as well as Hallett Financial’s sister company, Quotacy, an insuretech company.

Acquisitions of Hallett Financial and Quotacy, both owned and operated by veteran insurance industry leaders, brothers Jeremy Hallette and Ryan Hallette – activate Capital of the Highlands to significantly increase the scale and capabilities of its business, while expanding the segments of the life insurance and annuity markets that the company currently serves.

Founded in 1990, Hallett Financial is an independent, full-service, multi-trader brokerage firm focused on life insurance, annuity, disability and long-term care products. The firm supports independent financial advisors and insurers to help them meet the needs of their clients.

Quotacy, established in 2014, provides consumers with an easy online shopping experience for term life insurance. The platform also offers consumers access to more complex solutions such as whole life insurance and disability insurance, as well as educational materials to help them choose the product best suited to their needs.

Strengthening Highland Capital’s industrial leadership


Jim Gelder, CEO of Highland Capital Brokerage, said: “The insurance and annuity industry is changing rapidly, in the types of consumers who seek access to these crucial products, as well as in the way insurers, brokers, advisers and producers connect to potential customers. By acquiring Hallett Financial and Quotacy, we are positioning Highland for increased industry leadership by driving the growth and success of finance professionals across the country, while enabling our business to connect directly with consumers who choose generally not to work with a financial professional for their insurance needs. .”

“Combining Hallett Financial and Quotacy with Capital of the Highlands part of our broader vision to deliver industry-leading capabilities, expertise and long-term value to an ever-expanding cross-section of the life insurance and annuity market,” continued Mr Gelder.

“And we are undertaking these transactions at a time when economic, demographic, technological and industry trends have made providing financial solutions that protect assets and income critically important to multiple segments of our population.”

Brands, leadership and strategy for the future

Going forward, Hallett Financial will become a Highland Capital Brokerage office location while Quotacy will continue under its current brand. The Hallett brothers will continue in both companies to hold leadership positions.

Highland, through Hallett Financial’s relationships with independent financial advisors and insurance producers, will be able to work with these professionals to serve clients outside of the footprint of the companies that make up its traditional customer base. Meanwhile, through Quotacy, Highland will be able to tap into the burgeoning direct-to-consumer market, which largely includes younger, digital-native customers more accustomed to executing online financial transactions. line. Additionally, Quotacy, combined with Highland’s existing Easy life platform, will now provide partner organizations with a variety of tools and resources to assist them in their insurance distribution efforts.

Jeremy Hallette, CEO of Hallett Financial, said, “These acquisitions mark the start of a new chapter for Hallett Financial and Quotacy. These businesses are closely tied to our family, as well as the vision our father set out years ago to help consumers find the insurance and annuity products that meet their needs. Our legacy and this core mission will not just endure, but will thrive in the years to come, with Hallett Financial and Quotacy joining the team at Highland. We look forward to what the future holds for the insurance and annuity industry, and for Highland, and to be a part of it.

The transactions were closed on December 31, 2021. Financial terms were not disclosed.

Mr Gelder concluded, “We are excited about the areas of growth we will unlock by bringing these exceptional companies into our organization. At the heart of our business, we are focused on building closer, longer-term, trusted relationships with our customers, and these acquisitions allow us to do that on a larger scale than ever before, across professional channels and direct to consumers. We welcome the Hallett Financial and Quotacy teams to the Highland family with open arms, and look forward to all that we can accomplish together.
The keywords in this news article include: Highland Capital Brokerage, Insurance Companies, Mergers and Acquisitions.

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