Highland Capital Brokerage acquires Hallett Financial Group and Quotacy
Highland Capital Brokerage , a national life insurance and annuity distribution company and subsidiary of Advisor Group, announced the acquisitions of Hallett Financial Group, an independent insurance brokerage agency based in Minneapolis, as well as Hallett Financial’s sister company, Quotacy.
Founded in 1990, Hallett Financial Group is a full-service, multi-carrier independent brokerage agency focusing on life, annuity, disability and long-term care products. It is led by brothers Jeremy Hallett and Ryan Hallett.
Quotacy, established in 2014, provides consumers with an online shopping experience for term life insurance. The platform also provides consumers with access to more complex solutions such as whole life and disability insurance, as well as educational materials to assist them in choosing the best product for their needs. In 2021, quotacy.com had a monthly average of 45k website visits.
Going forward, Hallett Financial will become a Highland Capital Brokerage office location while Quotacy will continue under its current brand. The Hallett brothers will continue at both companies in senior management positions.
“The insurance and annuity industry is evolving rapidly, in the types of consumers that are seeking access to these crucial products, as well as in the ways carriers, brokers, advisors and producers connect with potential customers. By acquiring Hallett Financial and Quotacy we are positioning Highland for further industry leadership in driving business growth and success for financial professionals across the country, while enabling our firm to connect directly with consumers who typically choose not to work with a financial professional for their insurance needs. Combining Hallett Financial and Quotacy with Highland Capital is part of our broader vision of delivering industry-leading capabilities, expertise and long-term value to a continuously expanding cross-section of the consumer life and annuity market. And we have undertaken these transactions at a time when economic, demographic, technology and industry trends have made the delivery of financial solutions that protect assets and income crucially important to multiple segments of our population.” – Jim Gelder, CEO of Highland Capital Brokerage.
“These acquisitions mark the start of a new chapter for both Hallett Financial and Quotacy. These businesses have been closely tied to our family, as well as the vision our father laid out years ago to help consumers find the insurance and annuity products that suit their needs. Our legacy and that core mission will not only live on, but thrive in the years to come, with Hallett Financial and Quotacy joining the Highland team. We look forward to what the future will bring for the insurance and annuity industry, as well as for Highland, and to being part of it.” – Jeremy Hallett, CEO at Hallett Financial.
