National independent insurance distribution company, Futurity First Financial Corporation (FFFC), has acquired M3 Financial, a nationwide New York City-based annuity IMO.
M3 Financial was founded in 2007 by Mike Bartolotta. Mike is an industry leading expert in annuity and life insurance distribution.
He and his M3 Financial team have been innovators in helping partner agencies, financial advisors and insurance agents market fixed and fixed indexed annuities on an efficient basis. M3 has been a leading distributor for many insurance companies for several years. Mike will continue to be President of M3 Financial and play a key role in business development for FFFC.
The acquisition of M3 significantly enhances FFFC's capabilities in all distribution channels, but particularly in the rapidly growing financial advisory/broker-dealer channel where fixed and fixed indexed annuities are increasingly being used as part of diversified retirement planning solutions.
The acquisition is the second by FFFC this year and will broaden the market position of the FFFC group of companies as one of the largest distributors of fixed annuities and life insurance in the US.
“We are thrilled to have M3 as part of the FFFC network of companies,” said Mike Kalen, CEO of FFFC. “Their passion for innovation and helping advisors position fixed and fixed indexed annuities as part of an overall retirement plan is clear and compelling. Their New York City presence gives us a huge market advantage with registered reps, broker-dealers and RIAs who are increasingly using fixed and fixed indexed annuities as part of their retirement planning with their clients. M3 now gives FFFC a sales and service presence in every major region in the United States.”
“FFFC has a strong national platform and is an excellent partner for M3 to continue to expand its markets and sales,” Mike Bartolotta said. “They have become a thought leader in the DOL, as well as having service capabilities and the necessary scale to take us to the next level. We look forward being part of their team.”
With the acquisition, FFFC will have 140 employees in seven offices. The company continues to pursue a strategy of growth by identifying specific opportunities to expand its reach and benefit its customers.