LTC Global Acquires Pittsburgh Brokerage Services

FORT MYERS, Fla.--(BUSINESS WIRE)--LTC Global, Inc. announced today that it has acquired Pittsburgh Brokerage Services, Inc. (PBS), a Capitas Financial, Inc. partner headquartered in Pittsburgh. PBS Founder, Thomas Hall, will continue to manage the business. PBS joins other Capitas Financial member agencies already a part of the LTC Global group: Pacific Southwest Financial and Insurance Services, Inc., Smith Companies and NorthCoast Brokerage Agency, Inc. Mr. Hall is one of the original founding partners of Capitas Financial.

“Tom’s reputation as a long-standing ethical partner, colleague and producer is what drew us to him,” said Daniel G. Schmedlen, Jr., Chief Executive Officer of LTC Global. “We look forward to working with the PBS team and more closely integrating them with neighboring Capitas Financial Partner sister agencies, NorthCoast and Smith Companies. Our ability to share resources, particularly the advanced markets team, among these agencies is a big advantage in a very competitive market,” Schmedlen said.

About Pittsburgh Brokerage Services

Headquartered in Pittsburgh, Pittsburgh Brokerage Services operates a life and health insurance brokerage serving brokers and clients throughout Pennsylvania, West Virginia and Eastern Ohio for over 35 years. PBS provides sophisticated, unbiased solutions and innovative products in an ever-changing insurance and financial marketplace. For more information about PBS, visit pittsburghbrokerageservices.com.

About Capitas Financial

Capitas Financial 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 lead and marketing finance programs, 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 Global is headquartered in Fort Myers, Florida. For more information about LTC Global, visit ltcglobal.com.