SOURCE: NEXT Financial Group

NEXT Financial Insurance Services Company

December 23, 2009 09:03 ET

NFISCO Makes Great Strides in Year One

HOUSTON, TX--(Marketwire - December 23, 2009) - NEXT Financial Insurance Services Company, NFISCO, is celebrating its maiden anniversary on January 1, 2010. NFISCO started as a scratch insurance department under the award winning broker/dealer*, NEXT Financial Group, Inc. in 2007. In 2009, NFISCO broke away from the Broker/Dealer and became its own entity under the NEXT Holding Company. Equipped with a mission to help NEXT representatives and life insurance agents grow their insurance business, President Michael Mulvihill, CFP and VP Michael Locke, LUTCF, garnered and nurtured relationships with insurance carriers, independent insurance organizations and insurance software manufacturers. This aggressive approach to make available the best possible tools and products has paid off by showing double digit revenue increases every year.

Recently, NFISCO has teamed up with MoneyTrax, Circle of Wealth. Don Blanton, creator of the program, says that "The Circle of Wealth® system significantly improves the level and quality of communication between financial services professionals and their clients. The system is built around a simple 10 step planning process that is combined with a software component that excels as a 'Visual Storyboard' to help the advisor clearly communicate how money and wealth accumulation really work." This exciting partnership will allow NFISCO to offer a best in breed software system to NEXT reps at a tremendous discount.

In addition to the Circle of Wealth, NFISCO is holding advance concepts insurance forums across the country. The NFISCO forums which are typically 1.5 days and limited to 40 attendees have become a trademark for this new company. Attendees are asked to provide transportation to the event, but the room & board and the cost of the event is paid for by NFISCO and NFISCO sponsors. For NEXT Financial Insurance Services Company, this low tech, high touch, high sight marketing endeavor has proven to be a formula that works.

"Due to our forum series and quality of tools made available, NFISCO is attracting and recruiting large premium life licensed-only producers. We recognized early in the planning of NFISCO that there would be those non-securities licensed insurance agents that would want to be part of the NEXT family. They too have a home under the NFISCO umbrella," says Mike Mulvihill, CFP.

For more information on NFISCO or Circle of Wealth contact Mike Mulvihill, CFP at 877-876-6398 X2583 or Michael Locke at 877-876-6398 X 2585 or visit us on the web at www.nfisco.com.

*Each year Investment Advisor magazine conducts a poll asking its readers to rate how well their broker/dealer is meeting their needs in key areas such as compliance, payouts and technology. Broker/Dealers that receive the most positive responses from their individual representatives (after a set minimum number of responses are received) take home the coveted "Broker/Dealer of the Year" awards in four different categories based on the size of the broker/dealer.

Contact Information

  • Contact:
    Mike Mulvihill, CFP
    877-876-6398 X2583

    Michael Locke
    877-876-6398 X 2585