Broker Check

Coastal Wealth Acquires Arven Financial

| November 01, 2017
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FORT LAUDERDALE, Fla. (Oct. 26, 2017) – Coastal Wealth, a member of the MassMutual Financial Group, has announced the acquisition of Arven Financial, a Miami-based financial firm focused on insurance and estate planning.    

Founded in 2014, Arven Financial was conceived with the idea of building a firm as diverse as the community around them. Their team members represent most South American countries, speaking Spanish and Portuguese, to better serve their clientele. They cater to doctors, attorneys, and business owners. 

The acquisition supports Coastal Wealth and Arven Financial’s shared vision to help businesses and their employees prosper by making good decisions, and to avoid catastrophic ones.

"We are excited to welcome Arven Financial into the Coastal Wealth family, adding to our already robust offering of financial services,“ said Jeremy M. Straub, CRPC, CFS, Founder & CEO of Coastal Wealth.

Arven Financial brings a team of 30 agents and 8 support staff, increasing the Coastal Wealth agent network by 16%. The acquisition will allow for a larger footprint in South Florida for Coastal Wealth and greater visibility in the multicultural market. 

With a commitment to giving back, the Arven team will add to the philanthropic environment already established at Coastal Wealth. Their team members currently supports Miami Junior Achievement, St. Jude Children’s Hospital, Miami Children’s Health Foundation, United Way, Jackson Health System, Little Lighthouse Foundation, The Commonwealth Institutes, Colombian-American Chamber of Commerce, American Heart Association, and Joe DiMaggio Children’s Hospital.

Coastal Wealth anticipates a rapid and effective transition and expects the new office to be fully operational immediately. Those interested in more information should visit www.mycoastalwealth.com.

Coastal Wealth, a member of the MassMutual Financial Group, specializes in financial planning, protection, property and casualty insurance and group benefits. Its mission is to help businesses and their employees prosper by making good decisions, and to avoid catastrophic ones. Licensed in all 50 states, the Coastal Wealth team serves more than 100,000 households and companies with more than 250 financial advisors and support staff. Offices are in Fort Lauderdale, Boca Raton, Coral Gables, Plantation, West Palm Beach, North Palm Beach, Tavernier Key, Fort Myers, Sarasota, Tampa, Port Richey and Stuart. To learn more, visit www.mycoastalwealth.com

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Agency officers are not officers of MassMutual. Securities offered through MML Investors Services, LLC. Member SIPC. OSJ: 2400 E Commercial Blvd., 11th Floor, Ft. Lauderdale, FL 33308.(800)32-4180. CRN201901-220903.

 

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