Simplicity Acquires Annuity and Life Distributor
April 15, 2020 by Allison Bell
Simplicity Group Holdings, an insurance distributor, has acquired another distributor — Fidelity Financial Group.
Simplicity is based in Summit, New Jersey, and has acquired companies such as Dressander & Associates Inc. and InsurMark.
Fidelity Financial Group is a Houston-based company that wholesales life insurance and indexed annuities. The company was founded in 1988 and now has relationships with about 1,000 financial professionals.
Terry Feuchtinger and Reid Juul, the former owners of Fixed Financial Group, are now principals at Simplicity, Simplicity says.
The acquired business keep its current offices and employees, but it will start moving toward adopting the Simplicity Houston brand immediately, Simplicity says.
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