National Planning Corporation Announces the Acquisition of National Insurance Consulting (NIC) Group, Inc.

MIAMI, Jan. 21, 2015 /PRNewswire/ -- 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. With that in mind, our team felt that NIC Group shared a similar planning approach and philosophy of care with clients in the realm of employee benefits. 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.

About National Planning Corporation

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.

The thoughtful, comprehensive approach the firm brings to planning services—from wealth management and business planning to insurance, retirement, and estate planning—is complemented and supported by the specialized resources and products provided through the firm's long-standing relationships with The Guardian Life Insurance of America, and its subsidiaries. The firm and its team of professionals empowers clients by guiding them in making informed financial decisions consistent with their values and goals.

National Planning Corporation is a third-generation company that has operated continuously since its founding in Miami, 63 years ago. During these years, the world has undergone enormous growth and dramatic changes, and the firm has not only weathered these changes, but thrived. NPC has opened offices in multiple cities and expanded its core services from insurance and estate planning that are the roots of the business to the comprehensive financial services now provided to meet the evolving needs of its growing client base.

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SOURCE National Planning Corporation