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  • NFP Further Aligns Life Insurance Assets, Completes Consolidation of The Financial Architects Partners, LLC

    November 17, 2020 by NFP

    NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, today announced the consolidation of The Financial Architects Partners, LLC (“FinArch”) with NFP Life Solutions. With this addition, FinArch, which has been a member of PartnersFinancial, NFP’s life insurance membership platform, for over 15 years, becomes further aligned with NFP’s life insurance expertise and capabilities to deliver additional value to clients.

    FinArch is a national firm based in Boston, with offices in New York, Los Angeles, Palm Beach, Palo Alto and Providence, that focuses exclusively on evaluating, building and actively managing large life insurance portfolios for the super affluent. As a specialized resource to family offices and top tax, investment and legal advisors, FinArch evaluates existing life insurance portfolios and shares expertise on new planning for their clients including building optimized life insurance portfolios. They advise on more than $20 billion of life insurance for more than 425 families.

    David Carroll, David Freeley and Jeff Ostrum are joining NFP as managing directors and John Gilmartin is joining as a senior vice president of operations. All will report to Mike James, NFP’s head of individual solutions and president, NFP Life Solutions.

    “We are excited to continue our relationship with FinArch as we deliver innovative life insurance solutions to our clients,” said James. “The entire FinArch team brings expertise, market access and a focus on aligning client goals with specialized life insurance solutions. We look forward to continuing our collaboration, expanding our capabilities and relationships, and introducing solutions to clients across our business.”

    “NFP has been a critical element of our success for many years and this next step in our relationship ensures we will continue to grow and serve clients together,” said Carroll. “NFP’s business is increasingly diverse and we see tremendous opportunity in working across the business to introduce our differentiation, share our expertise to help clients navigate complexity, and build new relationships defined by value and results.”

    About Financial Architects
    Financial Architects Partners is a 25 person national firm based in Boston, exclusively focused on evaluating, building, and actively managing large life insurance portfolios for the super affluent. We advise on more than $20 billion of life insurance for the 425 families we serve and we selectively commence new engagements each year through client and advisor referrals. We built our business by being a specialized resource to top tax, investment and legal advisors, and family offices that need an expert life insurance planning advisor for their clients. Each year we manage some of the nation’s largest trust owned life insurance implementations, which are often referred by other brokers who rely on our ideas, execution and back office capabilities to build a truly diversified and optimized portfolio.

    About NFP
    NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

    Visit NFP.com to discover how NFP empowers clients to meet their goals.

    Originally Posted at Cison PR web on November 16, 2020 by NFP.

    Categories: Industry Articles
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