MassMutual to acquire MetLife advisor network for $300 million: LifeHealthPro
February 29, 2016 by LifeHealthPro Editors
MassMutual and MetLife have inked an agreement for the acquisition by MassMutual of MetLife’s U.S. Retail advisor force — the MetLife Premier Client Group (“MPCG”) — a retail distribution operation with more than 40 local sales and advisory operations and approximately 4,000 advisors nationwide. On February 25, 2016, MassMutual and MetLife previously announced joint discussions around this transaction.
The acquisition significantly increases MassMutual’s existing Career Agency System of more than 5,600 financial professionals. It also broadens the company’s geographic reach and provides more clients access to a holistic set of financial solutions, including life insurance, annuities, disability income insurance and wealth management services. Click HERE to read more…