Massachusetts Mutual Life Insurance Co. has announced that it has completed its previously announced acquisition of MetLife's U.S. retail advisor force, the MetLife Premier Client Group, significantly expanding its U.S. footprint.
The deal represents a 60 percent expansion of MassMutual's financial professional network, to more than 9,200, as well as a nearly 45 percent increase in the number of MassMutual sales and advisory offices around the country to more than 2,000.
MetLife Premier Client Group is a retail distribution operation that consists of more than 40 local sales and advisory operations across the country, with approximately 4,000 advisors among its employees. There were more than 5,600 financial professionals in MassMutual's existing career agency system.
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