IDB Capital teams up with KB Financial Partners to provide Wealth
Transfer, Executive Benefit and Retirement Plan Solutions.Not insured by the Federal Deposit Insurance Corporation ("FDIC")Not deposits or other obligations of IDB Bank.Not guaranteed by IDB Bank; andSubject to investment risks, including possible loss of the
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
Securities and insurance products purchased or sold in a transaction are:
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.
Matt Rozzi, 212-551-8252
James Kaplan, 609-514-4700
Source: IDB Capital