MassMutual enterprises merge as insurer bolsters wealth management arm

February 11, 2020 by Tobias Salinger

A trio of MassMutual enterprises have merged into a single firm as the giant insurer moves in the opposite direction of rivals that have spun off their broker-dealers.

In absorbing the Southeast Coast and South Florida offices of MML Investors Services early this year, Fort Lauderdale, Florida-based Coastal Wealth now has more than 450 advisors, support staff and managers, the firm said last month. The 27 offices in Florida and Georgia now manage some $10 billion in assets on behalf of more than 200,000 clients.

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Originally Posted at Financial Planning on February 11, 2020 by Tobias Salinger.