NEW YORK - November 16, 2020 - NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, today announced the consolidation of The Financial Architects Partners, LLC ('FinArch') with NFP Life Solutions. With this addition, FinArch, which has been a member of PartnersFinancial, NFP's life insurance membership platform, for over 15 years, becomes further aligned with NFP's life insurance expertise and capabilities to deliver additional value to clients.
FinArch is a national firm based in Boston, with offices in New York, Los Angeles, Palm Beach, Palo Alto and Providence, that focuses exclusively on evaluating, building and actively managing large life insurance portfolios for the super affluent. As a specialized resource to family offices and top tax, investment and legal advisors, FinArch evaluates existing life insurance portfolios and shares expertise on new planning for their clients including building optimized life insurance portfolios. They advise on more than $20 billion of life insurance for more than 425 families.
David Carroll, David Freeley and Jeff Ostrum are joining NFP as managing directors and John Gilmartin is joining as a senior vice president of operations. All will report to Mike James, NFP's head of individual solutions and president, NFP Life Solutions.
'We are excited to continue our relationship with FinArch as we deliver innovative life insurance solutions to our clients,' said James. 'The entire FinArch team brings expertise, market access and a focus on aligning client goals with specialized life insurance solutions. We look forward to continuing our collaboration, expanding our capabilities and relationships, and introducing solutions to clients across our business.'
'NFP has been a critical element of our success for many years and this next step in our relationship ensures we will continue to grow and serve clients together,' said Carroll. 'NFP's business is increasingly diverse and we see tremendous opportunity in working across the business to introduce our differentiation, share our expertise to help clients navigate complexity, and build new relationships defined by value and results.'