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updated: 8/8/2019 12:19 PM

AmeriLife acquires majority stake in Brookstone

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WHEATON -- Investment advisory services firm Brookstone Capital Management announced that AmeriLife Group LLC has acquired a majority interest in the company, creating one of the largest independent marketing and RIA organizations in the U.S.

Florida-based AmeriLife is a national provider in developing, marketing and distributing annuity, life and health insurance solutions for pre-retirees and retirees. The company has a national distribution network of more than 140,000 insurance agents and advisors, 20 marketing organizations, and 50 insurance agency locations

The combined organization will have more than $3.5 billion in annual life, health and annuity premiums and $2.7 billion in assets under management. Brookstone founder Dean Zayed will continue to serve as CEO and will assume responsibility as the president of AmeriLife's new Investment Advisory Services division.

Brookstone will continue to operate from its Wheaton headquarters.

"Brookstone was one of the first RIAs to build a fiduciary-based turnkey investment platform specifically supporting insurance-licensed retirement advisors, and now, by integrating these two leading firms into one all-inclusive platform, affiliated advisors and agents will have access to a broader set of financial strategies to more comprehensively serve their clients' financial needs," said Zayed.