Positive. Winged Keel acquires MBW Group to expand life insurance solutions, targeting high-net-worth individuals.

US insurance company Winged Keel Group has acquired MBW Group, a Minneapolis-based firm specializing in life insurance planning. Financial details of the transaction were not disclosed. MBW Group, founded in 1975, caters to wealthy families and business owners in the life insurance industry.

Winged Keel CEO Eric Naison-Phillips praised MBW Group’s history of serving the ultra-high net worth community in Minneapolis and the Midwest. The acquisition includes the establishment of a new office in Minneapolis led by Jeffery Bird and David Wischmeier, who have expertise in wealth transfer and income tax planning through life insurance solutions.

Bird, a former tax attorney, has a strong background in developing strategies for wealth transfer and income tax planning. Wischmeier, with over 20 years of experience in life insurance solutions, is skilled in structuring plans for high-net-worth individuals and businesses. Winged Keel aims to expand its national platform for high-end life insurance.

The acquisition of MBW Group by Winged Keel was announced, with the establishment of a new office in Minneapolis and the appointment of Jeffery Bird and David Wischmeier as principals to lead the team. The company aims to provide best-in-class solutions with integrity for sophisticated clients in the community of Minneapolis and beyond.

Read more at Yahoo Finance: Winged Keel acquires Minnesota-based MBW Group