The Gryphin Advantage was founded in 1998
FHG acquired all the shares of both firms on Aug. 1
The company will continue to use its PPI Advisory name and logo as part of its high net-worth service
Fiona Cuddy joins the MGA from Canada Life
Independent Financial Concepts Group expands Hub’s broker network
Major insurers’ acquisitions of large MGAs a growing trend
Nick Pszeniczny, executive vice president of the Advisory Network, GWL’s, Canada Life’s and London Life’s combined distribution organization, will step into his new role on July 1
ABEX Brokerage Services and ABEX National Brokerage will be integrated in PPI, a new subsidiary that IA acquired six weeks ago
Phil Marsillo named president
The acquisition of two sizable MGAs adds 3,000 independent life insurance advisors to IA’s distribution network