National Planning Corporation (NPC), a South Florida based comprehensive financial planning and wealth management firm, has announced its acquisition of National Insurance Consulting (NIC) Group.
NIC Group is a Fort Lauderdale-based Human Resources and Employee Benefits Consulting firm with clientele across the country that brings National Planning Corporation a global reach.
NPC President and CEO, Jeffrey E. Newman, commented, "This is an exciting day for us and is directly in line with our firm’s strategic vision of expanding our footprint. We know there are many ways to grow an organization, and whether it be by way of organic growth or through acquisition, it must fit our corporate culture.
"We look forward to welcoming these financial professionals to the NPC family and working with them in their pursuit of providing clients with the same wonderful level of advice and service to which they’ve become accustomed."
NPC also announced that the new division will be led by Zain Hasan and Andrew Soha, former Co-Founders of NIC Group.
Zain Hasan and Andrew Soha will join NPC’s executive management team as the Directors of Group Benefits and will be leading the firm with the goal of making NPC the top employee benefits firm in the country.
The acquisition is expected to further expand NPC’s presence in southern Miami-Dade County, as well as the firm’s expansion nationally.
Financial details of the acquisition were undisclosed.
National Planning Corporation is a comprehensive financial services firm with offices in Miami, Hollywood and Boca Raton. Since its inception, the firm has built a reputation for excellence by helping individuals, families and business owners protect what they value and make the most of their unique possibilities in a changing world.