SPG Strengthens Wealth Management Offering with Acquisition of Assets of AgencyONE

Specialty Program Group LLC, (SPG), one of the most successful and fastest-growing specialty platforms, announced that it has acquired the assets of Agency Two Insurance Marketing Group, LLC (d/b/a AgencyONE), a nationally renowned Brokerage General Agency (BGA) specializing in empowering financial advisors to deliver responsible wealth and risk management solutions through insurance – Life, Annuities, Disability, and Long Term Care.

AgencyONE has established itself as a trusted partner to a select group of independent insurance advisors and wealth managers nationwide who focus on planning and implementing financial strategies using insurance-based solutions designed to help secure their clients’ families and businesses. By offering full-service, highly personalized back-office support, AgencyONE enables advisors to prioritize the client experience while delivering tailored solutions for financial security and wealth transition.

By acquiring AgencyONE’s operations, SPG builds upon its acquisition of the assets of Brokers’ Service Marketing Group II LLC, now operating as a division of SPG (BSMG) and expands its life and annuity distribution network.The AgencyONE team, lead by principals Dennis C. Bartos, Gonzalo M. Garcia and Cathy Neifeld will join SPG.

“We’re thrilled to join forces with AgencyONE – as we continue to build out a national BGA network of like-minded, leading firms – something truly unique in the life and annuity distribution space,” said Jason Lea, CEO of BSMG and head of SPG’s Life & Annuity strategy. Lea added that “Gonzalo and his team at AgencyONE are recognized industry leaders and innovators in the advanced markets and underwriting space. I’m excited to get to work with the AgencyONE team to build our shared vision for a differentiated life and annuity platform.”

According to Garcia, “Over the past four years, AgencyONE has explored several partnership opportunities without finding a firm that met our business objectives or values. SPG’s recent acquisition of Jason’s team at BSMG caught our attention. This move allowed SPG an entrée into the wholesale distribution of life, long-term care, and disability insurance, as well as annuities. My partners and I recognized that SPG aligns perfectly with our business objectives and commitment to serving our advisors’ advanced planning and underwriting needs. We are very confident about the future success of this partnership and the growth and expansion it will offer AgencyONE. We are excited to be a part of the SPG Team.”

By combining the strengths of BSMG and AgencyONE, financial advisors will benefit from expanded resources, advanced planning techniques, and enhanced access to insurance-based solutions.