Protective Life launches Concourse Financial
Protective Life Corporation (Protective), a wholly owned US subsidiary of Dai-ichi Life Holdings, has launched Concourse Financial Group (Concourse).
Protective says the move will create a unified organisation consisting of Protective’s insurance and financial planning affiliates – ProEquities, a leading independent broker-dealer and RIA; First Protective, a multi-faceted brokerage general agency that specialises in risk management; and Protective Distributors, a division that supports life insurance distribution.
Protective expects to launch Concourse on 19 July, 2021, and has appointed Doyle Williams CEO of Concourse. Williams, a financial services industry leader with 40 years of experience in building and growing business in both the insurance and wealth management segments, is currently Senior Vice President, Distribution Companies with Protective.
Upon completion of its launch, Concourse will encompass an RIA, broker-dealer, brokerage general agency, and protection-focused point-of-solution organisation. The following leaders will serve key positions in the organization:
Libet Anderson – President, Investment Solutions. Currently, Anderson is President of ProEquities, having joined the firm in 2016 to serve as Vice President and Managing Director of Advisory and Planning. She has over 30 years of financial services experience and has held leadership roles at Edward Jones and Sterne Agee Asset Management.
Brad Mendenhall – President, Insurance Solutions. Currently, Mendenhall is Vice President and Managing Director of Protective Distributors. He has over 30 years of financial services experience, specifically in the areas of sales, operations and distribution leadership. Prior to joining Protective Distributors, Brad was the Vice President and National Sales Director at Lincoln Financial Distributors.
David Perry – Chief Operations Officer. Currently, Perry is Chief Operations Officer for the Protective Distribution Companies. Previously at Protective, he served first as Vice President of Operational Risk Management and then Vice President of Corporate Strategy. Prior to Protective, David was an attorney in private practice at Maynard Cooper & Gale, PC, and later served as the Chief Financial Officer for the State of Alabama.
Darren Guerrera – Chief Financial Officer. Currently, Guerrera is Chief Financial Officer for ProEquities. He has over 25 years of experience in financial management leadership roles in the financial services industry. Prior to joining ProEquities, Darren was Division Finance Manager at BBVA Securities.
Backed by this credentialed leadership team, the launch of Concourse will drive increased scale and seamless integration, resulting in enhanced capabilities, better service and more coordinated expertise to support financial professionals seeking exceptional growth resources for their businesses.
Williams says: “We are incredibly excited to announce the launch of Concourse Financial Group, to serve as a well-resourced, reliable and stable destination for growth-minded financial professionals with a long-term vision of success. A unified organisation positions us for growth and allows us to stay ahead of the curve in addressing the fast-changing dynamics of today’s financial services environment. Most importantly, the shared strategic vision and service culture of the businesses that comprise Concourse underscore our ongoing commitment to deliver an extremely high-touch service experience for our financial and insurance professionals.”
Concourse will offer integrated services, enhanced capabilities and valuable expertise in the following areas: insurance services, comprehensive financial planning, investment services and practice management. To support this effort, a centralised Concourse team will serve as an extension of a financial professional’s practice, coordinating access to experts in those vital areas, allowing them to customise financial plans, deliver a complete wealth management and insurance offering, and serve clients more capably.
Williams says: “Our team takes great pride in the relationships we have built with our community of incredible financial professionals and we are energised by the possibilities ahead. Ultimately, this endeavour is about meeting every financial professional where they are now in the evolution of their business and helping them get to where they want to go in the future.”