Daystar Financial Group Inc.

Daystar Financial Group Inc.

July 24, 2012 11:00 ET

Daystar Financial Group Inc. Celebrates Ten-Year Anniversary

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2012) - Daystar Financial Group Inc., a cross-Canada managing general agency (MGA) centred in Winnipeg, is proud to celebrate its tenth year in business. Built by two career advisors with the vision that MGAs need to be more than product wholesalers, Daystar has dedicated itself to helping advisors increase revenue through marketing support, education, tools, incentives and guidance.

"It's no secret that from its inception Daystar has focused on committed, loyal brokers. Our quality Advisors make the difference," says Paul Isaacson, Daystar President. "Daystar will continue to foster these relationships as we build scale. That philosophy will enable us to enhance our value and provide Daystar and our brokers with long-term growth and stability."

Daystar took shape in Co-CEO Rene Pereux's dining room while Daystar's office was under construction and has since grown to become one of Canada's largest MGAs. With eight offices across Canada and a network of close to 2,000 brokers, Daystar has become a true national presence.

"It's been pretty amazing, going from our first submitted life insurance application in June 2002 to ten years later in 2011 when we processed approximately 10,000 life apps," says Rene Pereux, Co-CEO of Daystar Financial Group. "We've gone from a couple of staff to the mid-50s, and we've gone from a total unknown to one of the largest MGAs in the country."

Daystar's growth has been quick and they expect their momentum to continue.

"Our growth has been substantial and we don't expect it to slow," explains Keith Brown, Daystar Financial Group Co-CEO. "We are dedicated to creating value for our advisors and I think they understand and respect that. We have an exceptionally experienced cross-Canada team and I foresee us continuing this rapid rate of growth for many years to come."

Daystar has recently completed an operational review of their back-office processes and enacted a number of new measures to further improve broker support and to allow for the anticipated growth of Daystar. These changes, along with new partnerships, acquisitions and technological advancements, are helping Daystar compete to become the #1 MGA in Canada.

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