News Column

IDB Capital Expands Wealth Management Services

May 27, 2014

IDB Capital teams up with KB Financial Partners to provide Wealth Transfer, Executive Benefit and Retirement Plan Solutions.

NEW YORK--(BUSINESS WIRE)-- IDB Capital®, the broker-dealer subsidiary of IDB Bank®, announced that it has entered into a joint marketing agreement with KB Financial Partners to provide insurance services, wealth transfer solutions, executive benefit plans, and retirement plan consulting. KB Financial Partners is a Financial Services firm serving Ultra High Net Worth families, privately held businesses, and public companies. KB Financial Partners is a member of the M Financial Group, a diversified financial services organization and leader in client advocacy offering its network of 140 independent member firms proprietary, differentiated products and services specifically designed for the markets they serve.

“We are excited to have access to KB Financial’s expertise and are delighted to add this critical component to our wealth management platform,” said Matt Rozzi, President of IDB Capital, adding, “This culminates a long process of building our wealth management services and the team to lead this effort.” This latest addition follows the hiring of Bernard Wasserman to head Wealth Management Sales in late 2013. Mr. Wasserman joined IDB Capital after having held senior business development roles at Citigroup, HSBC, Lehman and BNP.

The IDB Capital relationship with KB Financial Partners brings over 30 years of experience and significant capabilities in the areas of sophisticated life insurance planning, wealth transfer and succession planning, executive benefits and qualified retirement plans to IDB’s longstanding customer base of ultra-high net worth families and medium sized corporations. As an M member firm, KB Financial Partners is supported by a professional staff of more than 200 team members, actuaries, accountants, and product experts that provide exclusive, value-added services to member firms. The M Financial Group, “provides IDB’s clients with access to a broad range of proprietary products and services and one of the industry leaders in client advocacy,” said James Kaplan, Principal of KB Financial Partners, adding, “We are proud to have the opportunity to partner with IDB Capital.”

About IDB Capital

A wholly owned subsidiary of IDB Bank, IDB Capital is a registered broker-dealer, and Member of FINRA/SIPC, providing brokerage services to IDB Bank’s international and domestic clientele.

Securities and insurance products purchased or sold in a transaction are:

  • Not insured by the Federal Deposit Insurance Corporation ("FDIC")
  • Not deposits or other obligations of IDB Bank.
  • Not guaranteed by IDB Bank; and
  • Subject to investment risks, including possible loss of the principal invested.

    About IDB Bank

    IDB Bank is a registered service mark of Israel Discount Bank of New York. IDB Bank is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). IDB Bank provides domestic and international, personal and commercial banking services to U.S. and international clients.

    About KB Financial Partners1

    Founded in 1983, KB Financial Partners, LLC is led by James Kaplan (Principal) and William Damora (Principal). KB Financial employs 21 investment and insurance professionals dedicated to serving ultra-affluent individuals, corporations and institutional investors.

    About M Financial Group

    M Financial Group based in Portland, Oregon, was founded in 1978 to change how insurance companies served successful producers with exceptional businesses and enhance what these producers could deliver to their clients. At inception in 1978, M Financial began with 13 member firms. Today M Financial has more than 140 Member Firms in 37 states and the United Kingdom.

    1 Securities offered through M Holdings Securities, Inc., a registered broker-dealer, and Member of FINRA/SIPC. KB Financial Partners and its agents are presently licensed to sell traditional life insurance in certain states. Please contact Bernard Wasserman for further information.

    IDB Capital

    Matt Rozzi, 212-551-8252


    Bernard Wasserman, 212-551-8651


    KB Financial Partners

    James Kaplan, 609-514-4700

    Source: IDB Capital

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    Source: Business Wire

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