The document provides information about purchasing an existing Allstate insurance agency as an Allstate Exclusive Agent. It outlines the estimated timeline for the purchase process, which takes approximately 12 months from initial review through the date of sale. Key steps include program requirements, negotiating sale terms, financing arrangements, and final preparations like completing education and obtaining necessary licenses and insurance. The appendices provide commonly asked questions to consider regarding market analysis, financial results, operations, staffing, and legal issues.
Transamerica Financial Advisors - The Tomorrow MakersGary Bresien
Transamerica Financial Group Division (TFG) provides investment and professional money management services to middle-income families. Unlike many firms, TFG accepts smaller account sizes starting at $25,000. TFG representatives have access to products from major providers and third-party money managers, allowing them to choose appropriate options for clients' needs. TFG also provides representatives with marketing support, compliance assistance, and opportunities to build an advisory business and earn fees based on assets under management.
The document discusses succession planning for businesses. It notes that if a business partner died, what would happen to the business? Buy/sell agreements funded by insurance can help plan for this by allowing the purchase of a partner's shares if they die. Statistics show there is a high chance that a partner could die or become disabled before age 65. Succession planning through buy/sell agreements provides a win-win solution for partners' estates and the remaining partners. The document provides an overview of how such agreements work to fund the purchase of a deceased partner's shares and protect the business.
The document provides an overview of various options for funding a business, including self-funding, funding from friends and family, bootstrapping through invoice financing and leasing, obtaining funding from business angels, crowdfunding, banks through loans, seed funding sources like incubators and accelerators, and government grants and loans. It discusses the advantages and disadvantages of each option and factors like the typical amounts that can be obtained and terms that apply.
The document discusses creating a professional alliance between an independent professional and Morgan Stanley Smith Barney to enhance services for clients. Through the alliance, clients gain access to Morgan Stanley Smith Barney's comprehensive wealth management strategies. The independent professional can expand services, leverage Morgan Stanley's expertise, and earn recurring revenue from investment advisory fees. The alliance involves applying, due diligence, registering if needed, signing a contract, and providing disclosure documents to clients.
The document discusses PNC's integrated approach to providing customized financial solutions for commercial clients through a team approach. The team includes Leigh Pegues from commercial banking and Heather Baker from wealth management. They work together to provide options for business owners regarding transitioning ownership and protecting wealth, such as through selling the business, employee stock options, or taking the company public. The team develops long-term customized plans to help clients achieve their financial goals.
World Financial Group offers clients a range of financial products and services from major insurance and investment companies to help clients achieve their goals. Through agreements with companies like Transamerica, Nationwide, Pacific Life, and Voya Financial, licensed associates can provide solutions like life insurance, disability insurance, retirement planning, college savings, and estate planning to fit each client's individual needs. By working with a licensed associate, clients have access to personalized recommendations and strategies to gain control over their financial future and protect what they have worked to build.
Financial Review - How to find your niche as a financial adviserBrian Pert
The document discusses strategies for financial advisors to target niche client markets through specialized services. It recommends conducting extensive research, including interviews with 8-10 existing or referred clients, to understand the challenges faced by a target niche and how to add value. Advisors should create a research paper detailing findings to use to attract more niche clients. The value proposition should shift from investment focus to providing personalized CFO services, such as estate planning and helping achieve clients' goals. This specialized niche approach reduces reliance on investment markets and shifts conversations to outcomes.
Wealth Management For Entrepreneurs (Client Journey)Robert Wilcocks
Wilcocks & Wilcocks provides wealth management services for entrepreneurs through their CLEARER program. The 7-step program includes clear thinking discovery, lifestyle financial planning, evidence based investing, allowance and tax planning, risk management, estate planning, and review. The goal is to help clients plan better, invest better, and live better by gaining clarity on their goals and situation, creating a financial plan, implementing optimized investments, managing risks, and ensuring assets pass smoothly to beneficiaries.
Transamerica Financial Advisors - The Tomorrow MakersGary Bresien
Transamerica Financial Group Division (TFG) provides investment and professional money management services to middle-income families. Unlike many firms, TFG accepts smaller account sizes starting at $25,000. TFG representatives have access to products from major providers and third-party money managers, allowing them to choose appropriate options for clients' needs. TFG also provides representatives with marketing support, compliance assistance, and opportunities to build an advisory business and earn fees based on assets under management.
The document discusses succession planning for businesses. It notes that if a business partner died, what would happen to the business? Buy/sell agreements funded by insurance can help plan for this by allowing the purchase of a partner's shares if they die. Statistics show there is a high chance that a partner could die or become disabled before age 65. Succession planning through buy/sell agreements provides a win-win solution for partners' estates and the remaining partners. The document provides an overview of how such agreements work to fund the purchase of a deceased partner's shares and protect the business.
The document provides an overview of various options for funding a business, including self-funding, funding from friends and family, bootstrapping through invoice financing and leasing, obtaining funding from business angels, crowdfunding, banks through loans, seed funding sources like incubators and accelerators, and government grants and loans. It discusses the advantages and disadvantages of each option and factors like the typical amounts that can be obtained and terms that apply.
The document discusses creating a professional alliance between an independent professional and Morgan Stanley Smith Barney to enhance services for clients. Through the alliance, clients gain access to Morgan Stanley Smith Barney's comprehensive wealth management strategies. The independent professional can expand services, leverage Morgan Stanley's expertise, and earn recurring revenue from investment advisory fees. The alliance involves applying, due diligence, registering if needed, signing a contract, and providing disclosure documents to clients.
The document discusses PNC's integrated approach to providing customized financial solutions for commercial clients through a team approach. The team includes Leigh Pegues from commercial banking and Heather Baker from wealth management. They work together to provide options for business owners regarding transitioning ownership and protecting wealth, such as through selling the business, employee stock options, or taking the company public. The team develops long-term customized plans to help clients achieve their financial goals.
World Financial Group offers clients a range of financial products and services from major insurance and investment companies to help clients achieve their goals. Through agreements with companies like Transamerica, Nationwide, Pacific Life, and Voya Financial, licensed associates can provide solutions like life insurance, disability insurance, retirement planning, college savings, and estate planning to fit each client's individual needs. By working with a licensed associate, clients have access to personalized recommendations and strategies to gain control over their financial future and protect what they have worked to build.
Financial Review - How to find your niche as a financial adviserBrian Pert
The document discusses strategies for financial advisors to target niche client markets through specialized services. It recommends conducting extensive research, including interviews with 8-10 existing or referred clients, to understand the challenges faced by a target niche and how to add value. Advisors should create a research paper detailing findings to use to attract more niche clients. The value proposition should shift from investment focus to providing personalized CFO services, such as estate planning and helping achieve clients' goals. This specialized niche approach reduces reliance on investment markets and shifts conversations to outcomes.
Wealth Management For Entrepreneurs (Client Journey)Robert Wilcocks
Wilcocks & Wilcocks provides wealth management services for entrepreneurs through their CLEARER program. The 7-step program includes clear thinking discovery, lifestyle financial planning, evidence based investing, allowance and tax planning, risk management, estate planning, and review. The goal is to help clients plan better, invest better, and live better by gaining clarity on their goals and situation, creating a financial plan, implementing optimized investments, managing risks, and ensuring assets pass smoothly to beneficiaries.
The document is a marketing brochure for First Capital Financial Concepts, an integrated wealth management firm. It summarizes the firm's services as providing a holistic, client-centered approach to managing all aspects of a client's finances through coordination of their various advisors. The firm claims to optimize clients' wealth through strategies to reduce taxes, risks, and costs while increasing income and protecting assets. Clients work directly with a designated Capital Coach who serves as a single point of contact and provides comprehensive reporting on their entire financial situation.
The Advisory Special Edition on SustainabilityJim Tyson
Brown Advisory provides a framework to help clients construct sustainable portfolios that meet their goals. The document discusses screening portfolios to exclude investments that conflict with a client's values, achieving sustainable alpha through enhanced research, and impact investing solutions. It outlines Brown Advisory's progress expanding sustainable investing capabilities, including new strategies, manager selection, and an advisory board. The goal is to provide tailored sustainable portfolios that deliver clients' desired performance, impact, and alignment with their beliefs.
World Financial Group (WFG) is a financial services company that provides tools and resources to help people build their own financial services business and achieve financial success. As a WFG associate, you can start your own business by completing an agreement and paying a $100 fee. WFG offers business support like marketing materials, training, and access to product providers to help associates build and grow their business. Successful associates are recognized through rewards programs.
Investment Advisors & Financial Professionals | Use Your Insurance as a Marke...The 401k Study Group ®
Presented by North American Professional Liability Insurance Agency, LLC (NAPLIA). The White Paper discusses how proactively using your insurance coverage as a marketing tool will help you.
A business succession plan helps you plan what your business will become when you retire and how your business fits into your retirement plan. Even if you think you’re years away from slowing down, the need to address these questions is a pressing one – you need to put an exit strategy in place today.
WFG Business Opportunity - Presented by MD Julio GerenaJulio Gerena
World Financial Group (WFG) is a financial services company that provides opportunities for people from all walks of life to start their own business selling financial products and services. WFG offers corporate support, training programs, and a business model where new associates are mentored. Associates can represent multiple insurance and financial companies, giving clients more choices. WFG seeks to help clients of all income levels effectively plan for their financial futures through tools like a financial needs analysis. The company believes in providing a path for people to realize their dreams and change their careers.
CORPORATE CAPTIVE THINKING
It’s time to understand the fundamental concepts inherent to captive insurance companies. It’s time to allow 2020 to be the year of self-examination, reflection and change............Joe T.
Mel feller shows you how to obtain a loan with no credit by mel fellerMel Feller
Mel Feller Shows You How to Obtain a Loan With No Credit by Mel Feller
Mel Feller understands very well that a business loan will help you to start or expand your business, but if you do not have credit, it can be hard to get a good loan. Still, there are other options, like using collateral to secure a loan. In some cases, you may not always be able to get as much money as you wanted, or you may have to pay higher interest rates. Still, if you have a good business plan, you may be able to find a lender that is willing to take a chance on your business.
1. The document promotes World Financial Group's (WFG) Variable Universal Life (VUL) insurance product and "crusade" by arguing it provides better solutions than traditional insurance and investment products.
2. It claims VUL offers significant tax advantages under IRS laws and can address multiple family financial needs like protection, savings, and retirement in a single product.
3. Testimonials from financial experts are presented to argue VUL is one of the most powerful financial tools available.
World Financial Group (WFG) provides free financial education and advice through licensed independent financial advisors. They offer a wide range of products including insurance, investments, mortgages, and business opportunities. Their services include life insurance, disability insurance, education savings plans, retirement planning, debt consolidation, and home and auto insurance through various partner companies. WFG also provides an opportunity for ambitious individuals to start a career in financial services and become an independent financial advisor.
Destimoney is one of India's leading financial services organizations providing stock broking and investment advisory services since 2006. It has over 1,722 employees across 20 states. Sudip Bandyopadhyay is the MD and CEO with over 25 years of experience in financial services. Destimoney aims to serve the financial needs of middle class Indians through profitable growth and building strong client relationships. It offers equity, derivatives, and currency trading through branches, call and trade, online platforms, and mobile. Products include options strategies, systematic investment plans, and customized portfolio management.
Seed Mentors and Ward Goodman are promoting a new government-backed startup funding scheme called SEIS that provides generous tax breaks for private investors in new businesses. Seed Mentors reviews startup business plans and pitches, selecting businesses for funding from their SEIS investment fund. They have held local pitching events where entrepreneurs present to their review panel, and many offers of funding have been made on the spot or within two weeks. The article profiles one entrepreneur, Jon Cullum of Green Wing UK, who was skeptical but secured funding from Seed Mentors for his business developing magnet-based energy saving devices.
The document provides information on prospecting and developing a target market for a business. It discusses identifying prospects from a natural market of friends and contacts, using friendship farming to meet new people, employing a friendship borrowing system to get referrals, and utilizing professional prospecting tools from the company. Specific techniques are outlined, including developing a list of 100+ names, qualifying the top 25 prospects, using the FORM method to connect with strangers, and applying the STEAM questions to generate referrals. The importance of ongoing prospecting to sustain business growth is also emphasized.
This document provides an overview of the World Financial Group (WFG) business opportunity. WFG helps people achieve better financial futures through financial education, products, and a business opportunity for associates. The opportunity allows associates to earn income through personal sales, developing other associates, and residual income. WFG focuses on middle-income individuals and families by providing guidance to establish financial goals and strategies. The hybrid business model rewards both sales production and leadership development, allowing associates to earn promotions and build their own organization.
World Financial Group (WFG) offers a unique opportunity to own a financial services business with low start-up costs of only $100. Associates can leverage WFG's brand and receive training without prior experience. The business can be operated part-time while keeping an existing job. WFG provides a competitive compensation program with opportunities for career advancement. Associates represent multiple insurance and financial services companies, allowing them to find the best products for clients' needs.
We provide a business platform to
associates, which gives the support
and systems they need to build
strong businesses and create better
lives for themselves.
Many financial services companies focus on
only the wealthy few; thus many individuals
and families are grossly underserved.
There is an overwhelming need to help
middle-income individuals and families with
their finances, but there is an insufficient
number of companies that are willing to
help them.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, sale negotiations, financing, and final steps. Allstate recommends consulting advisors regarding legal, tax, and financial aspects of the purchase.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, negotiations, financing, and final steps. Allstate recommends working with advisors during the process.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, negotiations, financing, and final steps. Allstate recommends consulting advisors regarding legal, tax, and financial aspects of the purchase.
Agency Startup Mini Brochure Allstate Ea OpTrish Mylek
This document provides information about becoming an Allstate Exclusive Agent. As an Exclusive Agent, you would run your own business selling Allstate insurance and financial products. You would choose your own office location, hire your own staff, and build your own book of business. Allstate offers support through business consultants, educational programs, and technology tools. Exclusive Agents have flexibility to determine how they structure their agency business.
The document is a marketing brochure for First Capital Financial Concepts, an integrated wealth management firm. It summarizes the firm's services as providing a holistic, client-centered approach to managing all aspects of a client's finances through coordination of their various advisors. The firm claims to optimize clients' wealth through strategies to reduce taxes, risks, and costs while increasing income and protecting assets. Clients work directly with a designated Capital Coach who serves as a single point of contact and provides comprehensive reporting on their entire financial situation.
The Advisory Special Edition on SustainabilityJim Tyson
Brown Advisory provides a framework to help clients construct sustainable portfolios that meet their goals. The document discusses screening portfolios to exclude investments that conflict with a client's values, achieving sustainable alpha through enhanced research, and impact investing solutions. It outlines Brown Advisory's progress expanding sustainable investing capabilities, including new strategies, manager selection, and an advisory board. The goal is to provide tailored sustainable portfolios that deliver clients' desired performance, impact, and alignment with their beliefs.
World Financial Group (WFG) is a financial services company that provides tools and resources to help people build their own financial services business and achieve financial success. As a WFG associate, you can start your own business by completing an agreement and paying a $100 fee. WFG offers business support like marketing materials, training, and access to product providers to help associates build and grow their business. Successful associates are recognized through rewards programs.
Investment Advisors & Financial Professionals | Use Your Insurance as a Marke...The 401k Study Group ®
Presented by North American Professional Liability Insurance Agency, LLC (NAPLIA). The White Paper discusses how proactively using your insurance coverage as a marketing tool will help you.
A business succession plan helps you plan what your business will become when you retire and how your business fits into your retirement plan. Even if you think you’re years away from slowing down, the need to address these questions is a pressing one – you need to put an exit strategy in place today.
WFG Business Opportunity - Presented by MD Julio GerenaJulio Gerena
World Financial Group (WFG) is a financial services company that provides opportunities for people from all walks of life to start their own business selling financial products and services. WFG offers corporate support, training programs, and a business model where new associates are mentored. Associates can represent multiple insurance and financial companies, giving clients more choices. WFG seeks to help clients of all income levels effectively plan for their financial futures through tools like a financial needs analysis. The company believes in providing a path for people to realize their dreams and change their careers.
CORPORATE CAPTIVE THINKING
It’s time to understand the fundamental concepts inherent to captive insurance companies. It’s time to allow 2020 to be the year of self-examination, reflection and change............Joe T.
Mel feller shows you how to obtain a loan with no credit by mel fellerMel Feller
Mel Feller Shows You How to Obtain a Loan With No Credit by Mel Feller
Mel Feller understands very well that a business loan will help you to start or expand your business, but if you do not have credit, it can be hard to get a good loan. Still, there are other options, like using collateral to secure a loan. In some cases, you may not always be able to get as much money as you wanted, or you may have to pay higher interest rates. Still, if you have a good business plan, you may be able to find a lender that is willing to take a chance on your business.
1. The document promotes World Financial Group's (WFG) Variable Universal Life (VUL) insurance product and "crusade" by arguing it provides better solutions than traditional insurance and investment products.
2. It claims VUL offers significant tax advantages under IRS laws and can address multiple family financial needs like protection, savings, and retirement in a single product.
3. Testimonials from financial experts are presented to argue VUL is one of the most powerful financial tools available.
World Financial Group (WFG) provides free financial education and advice through licensed independent financial advisors. They offer a wide range of products including insurance, investments, mortgages, and business opportunities. Their services include life insurance, disability insurance, education savings plans, retirement planning, debt consolidation, and home and auto insurance through various partner companies. WFG also provides an opportunity for ambitious individuals to start a career in financial services and become an independent financial advisor.
Destimoney is one of India's leading financial services organizations providing stock broking and investment advisory services since 2006. It has over 1,722 employees across 20 states. Sudip Bandyopadhyay is the MD and CEO with over 25 years of experience in financial services. Destimoney aims to serve the financial needs of middle class Indians through profitable growth and building strong client relationships. It offers equity, derivatives, and currency trading through branches, call and trade, online platforms, and mobile. Products include options strategies, systematic investment plans, and customized portfolio management.
Seed Mentors and Ward Goodman are promoting a new government-backed startup funding scheme called SEIS that provides generous tax breaks for private investors in new businesses. Seed Mentors reviews startup business plans and pitches, selecting businesses for funding from their SEIS investment fund. They have held local pitching events where entrepreneurs present to their review panel, and many offers of funding have been made on the spot or within two weeks. The article profiles one entrepreneur, Jon Cullum of Green Wing UK, who was skeptical but secured funding from Seed Mentors for his business developing magnet-based energy saving devices.
The document provides information on prospecting and developing a target market for a business. It discusses identifying prospects from a natural market of friends and contacts, using friendship farming to meet new people, employing a friendship borrowing system to get referrals, and utilizing professional prospecting tools from the company. Specific techniques are outlined, including developing a list of 100+ names, qualifying the top 25 prospects, using the FORM method to connect with strangers, and applying the STEAM questions to generate referrals. The importance of ongoing prospecting to sustain business growth is also emphasized.
This document provides an overview of the World Financial Group (WFG) business opportunity. WFG helps people achieve better financial futures through financial education, products, and a business opportunity for associates. The opportunity allows associates to earn income through personal sales, developing other associates, and residual income. WFG focuses on middle-income individuals and families by providing guidance to establish financial goals and strategies. The hybrid business model rewards both sales production and leadership development, allowing associates to earn promotions and build their own organization.
World Financial Group (WFG) offers a unique opportunity to own a financial services business with low start-up costs of only $100. Associates can leverage WFG's brand and receive training without prior experience. The business can be operated part-time while keeping an existing job. WFG provides a competitive compensation program with opportunities for career advancement. Associates represent multiple insurance and financial services companies, allowing them to find the best products for clients' needs.
We provide a business platform to
associates, which gives the support
and systems they need to build
strong businesses and create better
lives for themselves.
Many financial services companies focus on
only the wealthy few; thus many individuals
and families are grossly underserved.
There is an overwhelming need to help
middle-income individuals and families with
their finances, but there is an insufficient
number of companies that are willing to
help them.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, sale negotiations, financing, and final steps. Allstate recommends consulting advisors regarding legal, tax, and financial aspects of the purchase.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, negotiations, financing, and final steps. Allstate recommends working with advisors during the process.
Allstate is looking to expand its network of exclusive agents and provides the opportunity to purchase an existing agency. Key considerations for purchasing an agency include evaluating the agency's financial results, customer base, product mix, operational efficiency, and staffing. The estimated timeline for purchasing an agency is 12 months, involving requirements completion, negotiations, financing, and final steps. Allstate recommends consulting advisors regarding legal, tax, and financial aspects of the purchase.
Agency Startup Mini Brochure Allstate Ea OpTrish Mylek
This document provides information about becoming an Allstate Exclusive Agent. As an Exclusive Agent, you would run your own business selling Allstate insurance and financial products. You would choose your own office location, hire your own staff, and build your own book of business. Allstate offers support through business consultants, educational programs, and technology tools. Exclusive Agents have flexibility to determine how they structure their agency business.
The document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and marketing support. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also describes options for purchasing an existing agency or starting a new one from scratch, and factors to consider in each path. It provides details on commissions, financial products, branding, and resources available to help agencies grow.
Allstate provides opportunities for agents to either start a new agency from scratch or purchase an existing Allstate agency. Agents can choose to focus on auto, property, or life insurance and have support from Allstate in marketing, training, technology and ongoing consultation. Higher performing agencies can qualify for additional rewards and recognition events. Success depends on meeting requirements, developing a business plan, ongoing education, and growing a profitable book of business through retention, acquisition and financial products.
Allstate provides opportunities for agents to either start a new agency from scratch or purchase an existing Allstate agency. Agents can choose to focus on auto, property, or life insurance and have support from Allstate in marketing, training, technology, and ongoing consulting. Higher performing agencies can qualify for additional benefits and recognition programs. Success depends on meeting requirements, developing business plans, ongoing education, and balanced performance across key metrics like retention, acquisition, profitability, and customer loyalty.
Allstate Agent Opportunity Choose Your Own Direction 2010[1]AmyAtAllstate
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs that reward high-performing agencies.
The document provides an overview of opportunities for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support. It outlines requirements to become an agent including licenses and capital. The document also discusses options for starting a new agency or purchasing an existing one. It covers considerations for evaluating and running an agency business such as location, staffing, marketing, and finances. Finally, it provides details on Allstate's education support, branding options, and commission structures.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs that reward high-performing agencies.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs to reward high-performing agencies.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs to reward high-performing agencies.
This document provides an overview of opportunities for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the requirements to become an agent, options for purchasing an existing agency or starting a new one, and considerations for evaluating and running an agency business. The document also reviews Allstate's commissions structure, financial products, resources for growth programs, and awards for high-performing agencies.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs to reward high-performing agencies.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines the startup requirements including capital, licenses, and personal characteristics. The document also discusses options for purchasing an existing agency or starting a new one and considerations for evaluating and running the business such as location, staffing, marketing, and finances. It provides details on compensation structures, the Allstate financial product opportunity, and programs to reward high-performing agencies.
This document provides an overview of opportunities for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines requirements for becoming an agent, options for purchasing an existing agency or starting a new one, and considerations for evaluating and running an agency business. The document also reviews Allstate's compensation structure and programs that reward high-performing agencies.
The document provides an overview of opportunities for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support. It outlines requirements to become an agent including licenses and capital. The document also discusses options for starting a new agency or purchasing an existing one. It covers considerations for evaluating and running an agency business such as location, staffing, marketing, and finances. Finally, it provides details on Allstate's education support, branding options, and commission structures.
The document provides an overview of opportunities for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support. It outlines requirements to become an agent including licenses and capital. The document also discusses options for starting a new agency or purchasing an existing one. It covers considerations for evaluating and running an agency business such as location, staffing, marketing, and finances. Finally, it provides details on Allstate's branding, education support, commissions structure, and financial products opportunities.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines options for starting a new agency or purchasing an existing book of business. The document also covers topics like commissions, resources for growth, benefits for high-performing agencies, and awards and recognition programs.
This document provides an overview of opportunities and requirements for becoming an Allstate Exclusive Agent. It discusses the benefits of working with Allstate such as brand recognition, education programs, and support services. It outlines options for starting a new agency or purchasing an existing book of business. The document also covers topics like commissions, resources for growth, and awards programs for high-performing agents.
Similar to Agency Purchase Mini Brochure Allstate Ea Op (20)
1. Choose your own direction.
Purchasing an agency as an Allstate Exclusive Agent.
R27326
2. Take a good look at your life.
Where do you want to be
five or ten years from now?
Running your own business?
Being your own boss?
Enjoying financial rewards?
If you answered, “all of the
above,” then you’ve come
to the right place.
You are here.
Allstate is a proven leader in a very competitive field – insurance
and financial services.
Today, we’re continuing to strengthen our position by expanding
our Exclusive Agency force, which we believe is the best in the
business. Proven professionals who thrive on helping customers
protect and build their tomorrows. Pros who know how to win.
Pros who may be just like you.
2
3. “I was working as a part of a support team for an insurance
agency for years and had a great feel for the business.
I always knew I wanted to run my own business. Once
I looked around, I realized that the only opportunity for me
was the Allstate Exclusive Agent opportunity. It gave me
a chance to run my own business, make my own money
and offer a wonderful array of insurance and financial
products from Allstate.”
Exclusive Agent
Miami, Florida
3
4. “My decision to purchase an agency a few years ago
has proven to be the best decision I have ever made.
Coming in the door as a new small business owner
and having the Allstate name to stand behind gives
me instant credibility. The Allstate product options
offered me what I needed to succeed.”
Exclusive Agent
Laurel, Maryland
4
5. Being the boss means your business is
your baby – you determine how it grows.
Allstate’s Exclusive Agency Program
provides you with a unique entrepreneurial
opportunity where you will have the support
and expertise of one of the country’s most
established insurance companies.
Where you’re the boss.
As an independent contractor, you’ll choose your own office
location and hire your own staff. You’ll also build a book of
business in which you have an economic interest. *
5
* Economic interest may be sold to Allstate-approved buyer only.
6. Purchasing an existing
agency1 from an Allstate
Exclusive Agent is just one
of multiple ways to become
an Allstate Exclusive Agent.
Start here.
With the option of purchasing an existing Allstate Agency1,
you have the advantage of buying a business that’s already
up and running. In fact, you may choose the level of business
activity based on the size of the agency you purchase.
There are different bonus and incentive opportunities
available depending on whether the agency has less than
750 PP&C policies or more than 750 PP&C policies.
1
Allstate is not a party to the sale nor does Allstate participate in the sale negotiation or
agency valuation process. Exclusive Agents have an economic interest in the customer
accounts they develop under the Exclusive Agency Agreement with the Company. Exclusive
Agents may sell their economic interests to an Allstate-approved buyer when their agency
relationship with the Company ends. Allstate retains ownership of the book of business.
1
Allstate will provide you with information on the Exclusive Agency Program, market
information, and the purchase process. However, it is strongly recommended that you
consult with outside advisors (attorney, tax advisor, accountant, banker, etc.) before
6 purchasing an agency from an Allstate Exclusive Agent.
7. BECOMING AN ALLSTATE
EXCLUSIVE AGENT . . .
Purchasing2 an
Completing the Starting a new Being assigned3 a
Exclusive Agent agency book of business
agency from an
Employee Program1
existing Allstate
Exclusive Agent
Less than 750 More than 750
PP&C policies PP&C policies
The Allstate Exclusive Agent Employee Program is offered in select states.
1
Purchase, as used in this document, refers to the purchase of the economic interest
2
in the Allstate customer accounts serviced by an agency.
Where available, an agent may be assigned a book(s) of business as the agent of
3
record. The commission amounts for the assigned policies are 6% for Standard Auto
and Property and 4% for Nonstandard Auto for five (5) annual renewals following the
date of assignment. The assigned policies are not eligible for inclusion in Termination
Payment calculation for five (5) annual renewals following the date of assignment.
7
Allstate retains ownership of the assigned policies.
8. Allstate offers you the
opportunity to team up
with a Personal Financial
Representative, a specialist
in life, savings and
financial products. There
are plenty of good reasons
to do this, including: More revenue and economic value for your agency through
I
cross-selling property and casualty with financial services
Better business retention as customers begin to call on your
I
agency for a wide range of insurance and financial products
More experience in financial services, sales and marketing
I
You can free up your time to develop other parts of your business.
The only thing required of you is ongoing communication and a
mutual understanding of goals. The choice is yours. Team up with
a Personal Financial Representative or run the show yourself.
Drive your business as a team
8
9. or on your own.
“Teaming up with a Personal Financial Representative
absolutely enhances the retention of the customer,
which obviously means more commissions for the agent.
It’s just the fact that you know the customer very well.”
Exclusive Agent
Jacksonville, Arkansas
9
10. Independence is what
makes the Allstate Exclusive
Agent opportunity ideal
for motivated people with
sales experience. But, you’re
not set adrift on your own.
We offer the tools and
Field Distribution Leaders are available to provide consultation and
support to help you succeed
expertise to help you profitably grow your agency. In addition, you’ll
have access to education programs, an advanced computer system,
every step of the way.
24-hour customer service and much more.
Plus, our highly competitive commission structure and rewarding
recognition programs can help your business grow by motivating
both you and your staff.
Support here, there, everywhere.
10
11. The right products to help you succeed.
As an Allstate Exclusive Agent, you’ll have a comprehensive line-up of excellent,
affordable products to meet the needs of the customers.
AUTO INSURANCE PROPERTY INSURANCE
Homeowner
Preferred Auto
Condo
Indemnity Auto
Customizer
Motorcycle
Business Package Policy
Motorhome
Renters
Motorclub
Mobile Home
Commercial Auto
Boat
Commercial Fleets
Recreational Vehicle
Flood
FINANCIAL PRODUCTS Personal Umbrella Policy
Commercial Property Policies
Life Insurance
SPP (Scheduled Personal Property)
Annuities
LPP (Landlord Package Policy)
Mutual Funds
IRAs
Extended Care Insurance
CDs1
Money Market Accounts
Disability Insurance
Supplemental Health Insurance
1
Banking and savings products such as CDs are offered through Allstate Bank,
Member FDIC. Non-deposit investment products sold by other companies within
the Allstate family of companies are not insured by the FDIC, are not a deposit or
other obligation of, or guaranteed by, Allstate Bank and may be subject to investment
risks, including possible loss of principal amount invested. In certain states, the
referral of CDs is limited by state securities laws to agents who are registered
11
securities representatives.
12. As you evaluate the
opportunity to buy an
existing Allstate Agency,
here are a few questions
to ponder: What is the business environment?
I
What are the financial results of the agency?
I
Is the agency an efficiently operated business?
I
Will agency staff be retained after the purchase? What is their
I
value to the agency?
What staffing issues exist?
I
Will the existing location be maintained after the agency purchase?
I
What factors may affect the retention of customers in the book
I
of business?
How will the agency purchase be financed?
I
What legal issues should be considered?
I
For more details on any of these questions and other items to
consider, please review the appendices in the back of this brochure.
Before you decide.
12
13. How long does the process take?
We’ve created an easy-to-follow, four-part process that
starts about a year before the effective date of sale. Your
individual timeline may be shorter or longer, depending
on your circumstances. For a more detailed look at the
timeline, please consult the appendices at the back of
this brochure.
13
14. “After a year and a half I look back and
am so thankful I made this decision
by coming aboard.”
Exclusive Agent
Tampa, Florida
14
15. The Allstate name is one that is associated
with reliability and financial strength.
Starting in 1931, selling auto insurance
through the Sears catalog, Allstate has built
a legacy of innovation, service and success.
We are ranked among one of the Fortune 50
companies and our slogan, “You’re in
Good Hands with Allstate ,” is one of the
®
most widely recognized in the business.
At Allstate, we’re right with you.
In today’s changing economic environment, we’re poised to
continue our success. Many insurance companies have come
and gone, or strayed far from their roots. But we remain true
to a fundamental idea – to deliver protection, peace of mind
and a better quality of life to all our customers.
We’re looking for entrepreneurial sales professionals who
like working with people and want to grow with us. If you’re
interested, we would like to talk with you. We may have a
successful future in common.
To learn more, call Allstate today at 877-258-9012, or
visit our website at allstateagent.com.
15
16. Appendices
APPENDIX A
Purchasing an Agency...
Things to Consider.
APPENDIX B
Estimated Timeline of Key Events
for an Agency Sale.
16
17. APPENDIX A
Purchasing an Agency...
Things to Consider.
As you evaluate the Allstate Exclusive Agency Program to determine if purchasing an agency is the right opportunity for
you, there are several things you may want to consider. This list provides you with a starting point.
Please note that Allstate is not a party to the sale, nor does Allstate participate in the agency valuation, sale negotiation, or
terms of the sale processes. We recommend you consult with your attorney, tax advisor, and other financial professionals
before entering into an agreement to purchase an agency from an Allstate Exclusive Agent.
Agency Valuation
Several factors may affect the value of an agency. There are companies that specialize in helping people determine the
value of a business they may want to buy. You may find independent business valuation helpful.
To assist you in evaluating this opportunity, we've put together some
commonly-asked questions in a variety of categories.
MARKET ANALYSIS FINANCIAL RESULTS
What is the business environment? What are the financial results of the agency over
the past three years?
Market demographics
I
Revenue growth
I
Volatility — regulatory changes
I
Number of policies
I
I Catastrophe exposure and management
I Number of households
I Local growth strategy
I Policy retention
I Competition
I New business production
I Average premium per policy
I Office expenses
I Revenue by line of insurance
CUSTOMER RETENTION ISSUES
I Claim results — loss trends
Which factors may affect the retention of
customers in the book of business?
Zip code analysis of customer base
I
Average age of customer base
I
PRODUCT MIX
I Retention of agency staff
What is the composition of the product and
I Pending rate changes
customer mix in the book of business?
I Selling agent involvement in the agency after the sale
Mix of business
I
I Customer satisfaction measurement
Number of policies per household
I
I Customer complaint volume
I Business quality — underwriting guidelines
I Rate activity in the past 12-24 months
I Percent financial services business
I Percent service account business — business not written
by the agent but serviced in the location. This business is
paid at a lower compensation amount.
17
18. Purchasing an Agency...
Things to Consider (cont’d)
OPERATIONAL ISSUES PURCHASE FINANCING
Is the agency an efficiently operated business? How will the agency purchase be financed?
Processes for producing and retaining business Type of business loan and lender
I I
I Results measurement and tracking Length of approval process
I
I Customer records and documentation I Lender requirements
I Agency use of technology I Capital to be invested
I Errors and Omissions claim history I Repayment plan fits agency cash flow
Will agency staff be retained after the purchase?
What is their value to the agency?
Tenure of staff
I
LEGAL CONSIDERATIONS
Technology skills
I
What legal issues should be considered?
I Sales skills
I Insurance license(s) Attorney involvement throughout the purchase
I
I Customer and community relationships process including terms of the purchase agreement
I Defined staff responsibilities I Tax planning considerations
I Choice of entity, e.g., sole proprietor, limited
What staffing issues exist? liability company (LLC), or corporation
I Agency licensing requirements
Compensation
I
I Pending lawsuits, liens, or judgments
Staff training
I
I Staff accountability for results
I Staff performance evaluations
I Staff turnover
OTHER CONSIDERATIONS
Will the existing location be maintained
after the agency purchase? What are some of the other items I
should consider?
Market presence
I
Licensing Requirements — in addition to
Assume lease/sublease I
I
property/casualty and life licensing, securities licensing
I Terms and conditions of lease
is required. An extensive background check is completed
I Tenant improvements
by the NASD, (National Association of Securities
I Landlord relationship
Dealers) as part of the securities licensing process.
I Local zoning ordinances
I Retirement planning
I Signage
I Commissions and commission charge backs
received after the sale on business written or terminated
before the sale
I Accounting decisions — responsibility for expenses
incurred prior to the sale when payment is due
after the sale
I Errors and Omissions insurance — extended
coverage after the sale
I Key person life insurance
18
19. APPENDIX B
Estimated Timeline of
Key Events for an Agency Sale.
12 MONTHS DATE OF SALE
9-12 MONTHS PRIOR 6-9 MONTHS PRIOR 3-6 MONTHS PRIOR 3 MONTHS PRIOR
to the effective date to the effective date to the effective date and up to the effective date
of the sale of the sale of the sale of the sale
Program Review Program Requirements Agency Sale Process Final Steps
After you have identified Take the Agent Selection Negotiate and finalize Complete the Education
I I I I
an agency for sale and Process test the terms of the sale Program
started preliminary sale with the seller
Pass the background If applicable, complete
I I
discussions, meet with a screening Make financing the assignment of
I
Field Distribution Leader. arrangements, commissions paperwork
Complete the capital
I
You will receive an if necessary
requirements worksheet Provide the region with proof
I
overview of the Exclusive
Make arrangements of Errors and Omissions
I
Complete a business plan
I
Agency Program and
to lease office space, insurance and Workers’
Obtain licenses and sign the
buyer requirements. I
if necessary Compensation insurance, as
Letter of Understanding for
Review the Exclusive
I
well as direct deposit form,
Make arrangements for
I
securities licensing
Agency Agreement and agency desk top computer
furniture, equipment, and
After successfully
Supplement, Exclusive I
system agreement form and
supplies, if necessary
completing the previous
Agency Independent any other information
steps, you will receive
Contractor Manual, and requested
preliminary approval
Exclusive Agency Reference
to continue with the
Guide
sale process
Review the Cash
I
Note: Your individual timeline may be shorter or longer depending
Flow Models
on your own circumstances. Additionally, the timing of your events
may occur earlier or later in the agency sale process.
The following steps in the agency sale process may be completed throughout the
process and at different times during the process:
Consult with an attorney, tax advisor, and other outside resources
I
Obtain information regarding the book of business serviced by the agency,
I
including requested agent policies
Review agency reports and information to help you determine the agency value
I
19