BOSTON--(BUSINESS WIRE)--LTC Global, Inc. today announced that it has completed the acquisition of Charles T. Smith Insurance Agency, Inc., and Charles T. Smith Companies of Florida, Inc. (together, the Smith Companies). Timothy M. Smith will continue to serve as president of the Smith Companies and manage their operations. The Smith Companies are a member of Capitas Financial, Inc. and will continue to operate as a Capitas member. LTC Global previously acquired another Capitas member, Pacific Southwest Financial & Insurance Services, Inc., in July 2017.
“The Smith Companies have built a proven distribution model, and Tim has been an innovator, as well as a top national producer in his own right,” said Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “The Smith Companies are the largest Capitas member firm, and this acquisition demonstrates our commitment to Capitas and life insurance distribution,” said Schmedlen.
Smith, a licensed producer, joined the Smith Companies in 1985 and held various positions, from case designer to Sales Vice President, before becoming President in 2012. Smith has been one of the top field producers in the industry, leading Capitas in sales for twelve straight years. Smith participates in many industry advisory bodies, including the Lincoln Life Advisory Council.
“Tim has been a driving force in successfully marketing Capitas to its largest and most important business partners,” said Mr. Schmedlen. “We look forward to working with Tim and supporting the growth of the Smith Companies,” said Schmedlen.
About the Smith Companies
The Smith Companies operate independent brokerage consulting firms in the Northeast and in Florida. As a Capitas member, the Smith Companies specialize in all aspects of the insurance planning process and support independent financial advisors, national financial institutions, stock brokerage firms and banks to better serve their clients. The Smith Companies have offices in Boston and Ft. Lauderdale, and Capitas affiliates throughout the country. For more information about the Smith Companies, visit smithcompany.com.
Capitas is a member-owned independent brokerage organization that supports firms and financial advisor relationships across the United States to provide sophisticated and unbiased insurance and wealth management planning solutions. For more information about Capitas, visit capitasfinancial.com.
About LTC Global
LTC Global is the leading provider of capital to insurance agents and agencies through commission advance programs and renewal commission purchases. Through its agency subsidiaries, LTC Global is a national distributor of life and health insurance products and the largest independent distributor of Long Term Care insurance. LTC is headquartered in Fort Myers, Florida. For more information about LTC Global, visit ltcglobal.com.