August 1, 2016

Hartford insurance distributor buys NYC firm

Independent insurance distributor Futurity First Financial Corp., which recently relocated to downtown Hartford, has acquired New York City-based M3 Financial, an annuity independent marketing organization.

With a national scope, M3 Financial, FFFC's second acquisition, is led by founder Mike Bartolotta, who will remain president as he develops new business for FFFC, the company said.

Since 2007, M3 Financial has worked with partner agencies, financial advisors and insurance agents in marketing fixed and fixed indexed annuities. Its acquisition is expected to give FFFC leverage, particularly in the area of diversified retirement planning, said FFFC CEO Mike Kalan.

The addition means FFFC will have "a sales and service presence in every major region in the United States," plus an advantage in tapping into the New York City marketplace, Kalan said in a statement.

In May, FFFC had acquired Imeriti Financial Network based in Minnesota and California, the company said.

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