AmeriLife Group, a US-based life insurer, has purchased a majority stake in investment advisory firm Brookstone Capital Management for an undisclosed sum.

Upon completion of the transaction, Brookstone will operate as the new investment advisory services division of AmeriLife.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The combined entity will have over $3.5bn in annual life, health and annuity premiums and $2.7bn in assets under management.

Brookstone will continue to be led by founder Dean Zayed. He will assume the role of president of AmeriLife’s new Investment Advisory Services division.

The acquired entity will continue to operate from its Wheaton, Illinois headquarters.

AmeriLife CEO Scott Perry said: “Partnering with Dean and the Brookstone team is a major step toward AmeriLife’s strategic goal of providing full-service insurance, retirement and legacy planning services to our agents, advisors and clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Brookstone’s comprehensive investment management platform, education and training resources, and operational and marketing support enable advisors to start and grow a successful investment advisory practice.

“These capabilities will be tremendous assets for our thousands of insurance and annuity-based career and independent agents who are looking to expand their businesses to include investment advisory services, and for our many experienced Series-65 licensed investment advisor representatives (IARs) who will gain access to a superior platform of investment models and IAR services delivered by a top-notch fiduciary team.”

Brookstone offers investment strategy and asset management services to over 24,000 pre-retirees and retirees through a network of over 400 affiliated advisers and firms.