Monetary product distribution firm Simplicity Group has collaborated with insurance coverage advisory firm Passerelle Companions to broaden its portfolio for ultra-high web price (UNHW) purchasers.
Passerelle is engaged in advising world UHNW purchasers. It additionally companions with skilled advisers in premium finance constructions, bespoke monetary merchandise and wealth administration options.
It additionally gives asset diversification, wealth preservation, wealth switch and legal responsibility administration options.
With the transfer, Passerelle founders Fernando Pou, Victoria Mayer and Chris Daniels have turn out to be companions at Simplicity.
Simplicity is engaged in offering funding, annuity and life insurance coverage options, gross sales instruments, and advertising and marketing methods to assist impartial monetary professionals, banks, broker-dealers and wealth administration firms.
Simplicity companion and CEO Bruce Donaldson mentioned: “Passerelle is a well-respected agency which continues to construct on Simplicity’s experience in growing bespoke methods for personal purchasers and expands the corporate’s worldwide attain.
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“We’re assured that Simplicity’s assist and options will support the Passerelle staff as they proceed to offer best-in-class services to their purchasers.”
Passerelle managing companion Fernando Pousaid mentioned that the partnership will assist Simplicity broaden its home and worldwide ultra-high web price progress vertical.
Pousaid added: “We share a standard imaginative and prescient, tradition and work ethic that has constantly set us aside within the business. It is a important time for us, as we collectively improve our sources, entry and our means to offer modern options to the market.”
Waller Helms Advisors served as Passerelle’s unique monetary adviser within the transaction.
Passerelle managing companion Chris Daniels mentioned: “We’re proud to mix forces with Simplicity and leverage the advantages of scale and affect this partnership delivers, creating synergies and worth for our purchasers, exterior companions and staff.”