Birmingham, AL: August 26, 2013 - Highland Capital Brokerage announced today that the company has been purchased from National Financial Partners (NFP) by its managing principals, selected SVPs, and independent producers. Highland was assisted in the transaction execution by Dowling Hales.
"Our independence will allow us the opportunity to re-imagine our business with the technology, flexibility, and speed to deliver quality results to our customers," said Jim Gelder, CEO of Highland Capital Brokerage. “Regardless of ownership, it’s important to note that our national scale combined with local support is second to none in the institutional and independent producer marketplaces and provides access to solutions, products and services that directly benefit the business of our customers. That will remain unchanged."
The new corporation will be a privately-held company headquartered in Birmingham, Alabama. All current field offices will continue as part of the new organization and the company’s core business model will remain consistent with its tradition.
About Highland Capital Brokerage
Committed to helping successful financial advisors and insurance professionals to grow their business, Highland Capital Brokerage, Inc. (HCB) creates trusted relationships by delivering customized insurance solutions, personalized local service and support, and superior value. HCB has differentiated itself among multi-carrier brokerage agencies through an emphasis on providing value-added marketing and point-of-sale support. HCB provides objective access to major insurance carriers, advanced planning support, expertise in risk underwriting, and back office processing to insurance brokers, financial planners, and various institutions such as banks, wirehouses, and certified public accountant firms. To learn more about Highland Capital Brokerage, visit www.highlandbrokerage.com.
National Financial Partners Corp. (NFP) and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP's national scale and resources. NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, retirement plans and property and casualty insurance. The Individual Client Group includes retail and wholesale life insurance brokerage and wealth management advisory services. The Advisor Services Group serves independent financial advisors by offering broker/dealer and asset management products and services. Most recently NFP was ranked in the top 10 on Business Insurance's 100 Largest Brokers of U.S. Business and Best’s Review’s Top Global Insurance Broker lists; second on Business Insurance's Largest Agents and Brokers Headquartered in the U.S. Northeast; it operates the third largest executive benefits provider of nonqualified deferred compensation plans by total clients, as ranked by PlanSponsor; and operates a top 10 independent broker/dealer as ranked by Investment Advisor. NFP is also a leading independent life insurance distributor according to many top-tier carriers. For more information, visit www.nfp.com.