SOURCE: NEXT Financial Insurance Services (NFISCO)

NEXT Financial Insurance Services Company

November 09, 2010 07:00 ET

NFISCO Expands Becoming a Nationwide Field Marketing Organization

HOUSTON, TX--(Marketwire - November 9, 2010) -  NEXT Financial Insurance Services (NFISCO) has opened a satellite office in Scottsdale, Arizona and strengthened its infrastructure to become a nationwide Field Marketing Organization (FMO). By contracting back-office support from Brokerage Professionals Inc. (BPI), NFISCO will be able to increase revenue by targeting untapped markets and enhance its presence in the industry. BPI has been helping firms like NFISCO since 1983. 

"This is the culmination of our dedication to our representatives. Three years ago, NFISCO's vision was to be its own FMO. With new strategies and diligent restructuring, we are able to not only support insurance licensed-only agents but also provide reps with additional resources for success," said Mike Mulvihill, President of NFISCO.

This expansion will now give representatives a direct source for advanced underwriting, large case design and point of sale models, accompanied with experienced support in estate planning, premium financing, business planning, case design, life insurance design and wealth transfer strategies. In addition, NFISCO agents will have dedicated internal and external relationship specialists. NFISCO's decision to expand to a fully-developed FMO is attributed to positive feedback received from the top-producing representatives of the subsidiary's sister company, and seven-time independent Broker/Dealer of the Year* award winner NEXT Financial Group.

Many marketing initiatives of NEXT Financial Holdings, Inc. and its subsidiaries such as WE2, 4WARD Financial Marketing and NFISCO are guided by it representatives, many of which are shareholders of the parent company NEXT Financial Holdings, Inc.

For more information about NFISCO, please call Mike Mulvihill at 713-375-2583, or visit www.nfisco.com.

*Based on a poll of registered representatives conducted by Investment Advisor magazine. Broker/Dealers rated highest by their representatives are awarded "Broker/Dealer (B/D) of the Year."

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