US insurance company Winged Keel Group has acquired MBW Group, a Minneapolis, Minnesota-based firm that specialises in life insurance planning. 

Financial specifics of the transaction remain undisclosed.  

MBW Group, founded in 1975, is known for its expertise in the life insurance industry, catering to wealthy families and business owners.  

Winged Keel CEO Eric Naison-Phillips said: “MBW Group has a longstanding history of serving the unique needs of the ultra-high net worth community in Minneapolis and the Midwest.” 

Alongside the acquisition, Winged Keel has established a new office in Minneapolis, which will be under the leadership of principals Jeffery Bird and David Wischmeier. 

Bird, whose career began as a tax attorney and advanced life insurance underwriter, has a track record in developing wealth transfer and income tax planning strategies through life insurance solutions.  

Wischmeier, with a background as a practicing attorney before joining MBW Group, has more than 20 years of experience in structuring life insurance solutions for wealth transfer and income tax planning for high-net-worth individuals and businesses. 

Phillips added: “We have had a long relationship with Jeff and David, and we believe they are the perfect partners to support the growth of Winged Keel’s premier national platform for high-end life insurance.  

“Jeff, David, and their team share our core values of serving clients with best-in-class solutions with the highest level of integrity. Their extensive product knowledge will continue to support the sophisticated clients, family offices, and professional advisors in the community.”