As part of the transaction, M&W founders Brian Martin and Ted Wight will join Lenox Advisors as partners.
See LinkedIn post here.
M&W, based in the Baltimore region, primarily serves physicians, dentists, and medical centers. The firm specializes in executive benefits solutions and traditional offerings, including wealth management, financial planning, disability insurance, voluntary benefits, ancillary benefits, individual and group life insurance, and long-term care.
Frank Anzalone, managing director and national head of sales & distribution at Lenox Advisors, expressed enthusiasm about the acquisition, noting that it creates an opportunity to expand Lenox’s presence in the Baltimore metro area and across the medical profession.
“We’re very excited to welcome Brian, Ted and the M&W team to Lenox,” Anzalone said in a news release.
Greg Large, president of Lenox Advisors, also highlighted the acquisition as a strategic move for the company. He noted M&W’s excellent reputation in the greater Baltimore area and nationally across the medical profession.
“We will gain from their relationships and expertise; they will benefit from access to a new level of resources and support, and their clients will draw on an expanded portfolio of solutions,” Large said.
Martin and Wight, in a joint statement, expressed their excitement about joining Lenox. They emphasized the alignment with Lenox’s values and culture and the benefits of collaborating.
“This is a terrific opportunity for us to collaborate with a leading financial solutions team and share our expertise while developing ways to generate even more value for clients,” Martin and Wight said.
Elsewhere for Lenox Advisors’ parent firm NFP, the brokerage recently announced its acquisition of multidisciplinary insurance broker SDN Insurance Agency’s assets from Financial Institutions, Inc., which is the parent company of Five Star Bank.
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