Security Benefit & Advisors Excel Celebrate Their 16-year Partnership and Shared History in Topeka
Security Benefit and Advisors Excel are celebrating their partnership forged in Topeka, KS, nearly 16 years ago. Their partnership has generated more than $25 billion in sales. The two businesses focus on developing and distributing annuity products through independent financial professionals. Due to this level of success, the partnership has had an outsized impact on the local and regional economy: the direct impact of the firms’ employees (over 1,300 between them) is $647 million a year with a total annual impact of $1.3 billion, according to economic analytics firm IMPLAN 1 .
“15 years ago, Security Benefit and Advisors Excel, two Topeka-based financial service companies, decided to take a chance on each other,” said Doug Wolff, CEO of Security Benefit. “The success that the companies have achieved together is unprecedented and includes tremendous growth and expansion, hiring hundreds of local employees, evolving our business models, and considerably improving our financial strength.”
The annuity market has changed since the two firms started working together. Today, they offer four different annuity products, partnering on their development and design to meet the needs of Advisors Excel’s unique client base.
“We are indebted to Security Benefit for believing in us and being willing to collaborate on innovative insurance products that not only gave Advisors Excel the foundation we needed to grow but also helped us attract new advisors who shared our passion for making a difference,” said Advisors Excel Co-Founder Cody Foster. “Together, we’ve built something truly remarkable and we are proud of the impact we’ve had on the industry and the Topeka community.”
Their success has also intensified their philanthropic efforts 2 in the community. Some examples of the organizations they work with include:
Advisors Excel: Folds of Honor, The V Foundation for Cancer Research, Camp Southern Ground, and The Jones Project.
Security Benefit 3 : Boys and Girls Clubs of Topeka, United Way of Kaw Valley, Meals on Wheels, America
“Topeka is very happy to have both of these thriving businesses in our community,” noted Molly Howey, CEO of the Greater Topeka Partnership. “Beyond the incredible direct impact the two companies have on Topeka, their combined total economic impact of over $1.3 billion ayear creates a ripple effect of growth. It includes the financial activities of their staffs, business transactions, home purchases, consumer spending, and more.”
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any products from Security Benefit Life Insurance Company or Advisors Excel.
