Farm Bureau Financial Services Doubles Wealth Management Staff Over Last Twelve Months

Rhea-AI Summary

Farm Bureau Financial Services announced a significant expansion in its Wealth Management division, now employing 30 Wealth Management Advisors. This growth reflects the brand's commitment to enhancing services across 14 states, particularly in the Midwest and western regions. The new advisors, who have joined from various reputable firms, are equipped to support clients in financial planning and investment strategies. This initiative includes enhanced support structures and resources for advisors, alongside a virtual training program initiated in response to the Coronavirus pandemic.

Positive

• Increased Wealth Management Advisors to 30, enhancing service capabilities.
• Expansion of expertise with advisors from large banks and firms.
• Introduction of virtual training programs for a seamless transition.

Negative

• None.

WEST DES MOINES, Iowa, Oct. 26, 2020 /PRNewswire/ -- Farm Bureau Financial Services, a provider of insurance and financial services in 14 states, continues to invest in and grow its Wealth Management division. The brand now has 30 Wealth Management Advisors on staff to serve Farm Bureau client/members.

Farm Bureau offers Wealth Management Advisors the freedom to build their business with supported independence.

"Advisors joining us in 2020 have strengthened Farm Bureau's presence in key Midwest and western states and add valuable expertise to our team," said Mat Gleason, Head of Wealth Management division. "We're proud to support our client/members in all stages of life, whether they're looking for comprehensive wealth management and financial planning or just starting out with a 529 or IRA contribution."

Farm Bureau offers Wealth Management Advisors the freedom to build their business with the supported independence, stability, technology platforms, staff, benefits, and office space provided by employment with the larger Farm Bureau team. In response to the Coronavirus, Farm Bureau introduced virtual advisor training and transition programs for recent hires and is leveraging its technology resources to navigate the need for virtual meetings between Farm Bureau client/members and advisors and agents.

Advisors joined Farm Bureau from large banks, wirehouses, and a variety of protocol and non-protocol firms in 2020. The turnkey approach to Farm Bureau's model maximizes net advisor compensation through a highly competitive payout grid and an all-in approach to eliminating advisor expenses including direct overhead costs, marketing, advertising, continuing education and license or certification costs.

"I give each of our WMAs the same message: the long term value proposition here is incredible. You will earn substantially more money over time working in an environment such as ours," said Gleason.

Farm Bureau Financial Services works with more than 540,000 client/members, offering life, home, auto, business, and farm/ranch insurance in addition to wealth management advisory services provided by its advisors. Wealth Management Advisors joining Farm Bureau recently include:

• Angie Dietz-Robinson – Cedar Falls, IA
• Robert Dodson – Council Bluffs, IA
• Adam Entwisle – Augusta, KS
• Kara Goodknight – Lawton, OK
• Scott Hanadel – Appleton, WI
• Bart Hiner – Sandy, UT
• Gary Jones – Overland Park, KS
• Joe Lucas – Clarinda, IA
• Norman Rizer – Norwalk, IA
• Keith Rowe – Omaha, NE
• Brad Schmitz – Lakeville, MN
• Brad Sharp – Edina, MN
• James Soukup – Overland Park, KS
• Chad Sovey – Davenport, IA
• Dimitri Uhlik – Scottsdale, AZ
• Brett Ullen – Edina, MN
• Matt Wojick – Rochester, MN

To learn more about becoming a Farm Bureau Wealth Management Advisor, visit https://www.beafarmbureauwma.com/.

About Farm Bureau Financial Services
Farm Bureau Financial Services offers insurance and financial services products to client/members in 14 western and Midwestern states. Advisors offer wealth management and financial planning services and work with agents who provide insurance products including auto, home, life, farm/ranch, business and more. Founded 80 years ago by farmers for farmers, today Farm Bureau Financial Services offers people in rural and urban areas one of the most complete insurance, investment, and financial services offerings on the market today.

Farm Bureau Financial Services is a brand representing the companies of FBL Financial Group, Inc. (NYSE: FFG). Learn more about us at FBFS.com.

Securities & services offered through FBL Marketing Services, LLC⁺, 5400 University Avenue, West Des Moines, Iowa 50266, 877-860-2904, Member SIPC. Advisory services offered through FBL Wealth Management, LLC.^{+  +}Affiliates.

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SOURCE Farm Bureau Financial Services

FAQ

What recent announcement did FFG make regarding their Wealth Management division?

FFG has expanded its Wealth Management division, increasing the number of advisors to 30.

How many Wealth Management Advisors joined FFG from other firms?

New advisors at FFG joined from various reputable financial institutions, strengthening the team's expertise.

What is the significance of the recent changes in FFG's Wealth Management team?

The changes signify FFG's commitment to enhancing wealth management services and meeting client needs.

How has FFG adapted its training programs in response to COVID-19?

FFG introduced virtual advisor training and transition programs to support new hires during the pandemic.