IDB Capital has signed a joint marketing agreement with KB Financial Partners to offer insurance services, wealth transfer solutions, executive benefit plans, and retirement plan consulting.
In addition, the agreement will enable IDB Capital to expand its wealth management servives.
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The partnership with KB Financial will bring significant capabilities in the areas of life insurance planning, wealth transfer and succession planning, executive benefits and qualified retirement plans to IDB’s customer base of ultra-high net worth families and medium sized corporations.
KB Financial Partners is a member of the M Financial Group, a financial services firm and provider of client advocacy offering to its network of 140 independent member firms.
As part of the agreement, M Financial Group will offer IDB clients access to a wide range of proprietary products and services and one of the industry leaders in client advocacy.
Matt Rozzi, president of IDB Capital, said: "We are excited to have access to KB Financial’s expertise and are delighted to add this critical component to our wealth management platform. This culminates a long process of building our wealth management services and the team to lead this effort."
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By GlobalDataThis move follows the hiring of Bernard Wasserman as head wealth management sales in late 2013. Wasserman has joined IDB Capital after serving various senior business development roles at Citigroup, HSBC, Lehman and BNP.
KB Financial Partners is a financial services firm serving ultra-high-net-worth families, privately held businesses, and public companies.
