LTC Global Acquires Financial Advisory Associates
FORT MYERS, FL — LTC Global, Inc. announced that it has completed the acquisition of A. M. Levin Insurance Associates, Inc, which does business as Financial Advisory Associates, Inc. (FAA). FAA, based in Southfield, Michigan, is a member of Capitas Financial, Inc. and focuses on the distribution of life insurance products.
LTC Global previously acquired two other Capitas members, Pacific Southwest Financial & Insurance Services, Inc., in July 2017, and the Smith Companies in April 2018. FAA will continue to operate as a Capitas member.
“We are fortunate to have the opportunity to work with FAA’s great team in Michigan and Virginia,” said Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “Today’s transaction positions us to more closely integrate our Capitas member agencies and further diversifies LTC Global’s distribution business,” said Schmedlen.
LTC Global operates a Medicare insurance product distribution business through its agency subsidiary United Insurance Group Agency, Inc., which is also headquartered in Oakland County, Michigan.