The changes at Madison are all part of an evolving long-term strategic partnership. With these changes, Madison expects to add additional staff in key areas, leverage new technology and continue to bring products to the market that will help its current and future Advisors serve clients facing the challenges of retirement. As a result of the proposed transaction, Madison expects to double its volume over the next three years and accelerate the onboarding of new qualified reps.
According to Wayne Talleur, President of Madison, "This transaction provides a strategic opportunity to integrate best practices and combine resources resulting in a stronger and more attractive platform that will support the advisors' practices, help them grow their businesses and provide a higher service level to their clients. Madison continues its evolution as a leading independent broker-dealer providing a comprehensive broker-dealer platform, investment advisory business and insurance solutions to deliver even greater value to more clients."
"This enhanced partnership between Madison and KT Equity is a strategic advantage which allows us to focus on and invest in our core distribution strategy by enabling Madison to accelerate its growth," said Tim Nelson, President of KT Equity. "We believe that in the current regulatory environment it is imperative that we have a strong distribution strategy for advisors looking for an IMO, a Registered Investment Advisor, and/or a Broker Dealer in order to best serve advisors in this new competitive landscape."
Jennifer Metcalfe Schendel, President & CEO of Asset, who will continue to have an ownership stake and membership on the Madison Board, stated "We are excited that KT Equity has taken a larger equity position in our broker-dealer. This partnership only strengthens our value proposition to dually licensed advisors as we service all aspects of their needs at the highest level as part of our history of providing a robust platform for comprehensive financial planners."
About Madison Avenue Securities
Headquartered in San Diego, California, Madison Avenue Securities, LLC is a full service, fully independent Broker/Dealer and Investment Advisory firm servicing financial advisors and their clients with branches from coast to coast. The company was founded in 2005 by financial marketing giant, Asset Marketing Systems Insurance Services, LLC. By combining forces with its FMO partners, Madison Financial Advisors have the opportunity to bundle business services as registered representatives, investment advisors, and insurance agents through one comprehensive platform. With unique marketing programs and customized sales training designed to deliver innovative systems, Madison brings its Financial Advisors a best-in-class financial services experience.
About KT Equity Partners
KT Equity Partners, LLC, led by the founders of Advisors Excel and the leading IMO in the industry, is an investment partnership whose purpose is to make strategic investments in the insurance and financial services industry, focusing on businesses that can partner with Advisors Excel to support the Independent Financial Advisor.
About Asset Marketing Systems
Asset Marketing Systems Insurance Services, LLC, an independent insurance marketing organization is a recognized leader and pioneer in the field of marketing annuities, life insurance and securities. Founded in 1996 by Richard M. Metcalfe II, the company and its staff of highly qualified professionals have placed over $10 billion in insurance premiums. Offering hundreds of product options from a variety of carriers, Asset provides superior marketing support for dual licensed professionals as well as advanced markets, training, back‐office support and substantial industry expertise. Headquartered in San Diego, California, Asset also extends the added benefit and services of its partner broker-dealer, Madison Avenue Securities, LLC, to affiliated and licensed financial advisors.
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SOURCE Madison Avenue Securities