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Fort Worth-based Higginbotham has acquired Cassidy & Company of Tampa, Florida, the company announced on Wednesday.
The acquisition strengthens the firm’s specialty life insurance planning expertise and provides additional support to partner offices in Florida, Tennessee, Mississippi, and beyond, according to a press release.
The acquisition builds on a platform of strategic growth in the Southeast in locales such as Memphis, Tampa, and Brookhaven, Mississippi.
“When we expanded to the West some years ago, we collaborated with Paradigm Gilbert, a specialty financial services firm in Los Angeles,” said Rusty Reid, Higginbotham chairman and CEO, in a statement. “That partnership allowed us to offer in-depth life insurance planning expertise to clients throughout the region. When we asked them to recommend a similarly knowledgeable firm to support our Southeast expansion, they knew just the right people — Cassidy & Company.”
Cassidy & Company was founded by William A. Cassidy in 2011. Cassidy & Company originated as a Platinum Firm for AXA Advisors until the spring of 2017 when the firm transitioned to Lion Street (www.lionstreet.com), a national network of independent life insurance and wealth planning firms, as an owner and member firm.
Today, Cassidy & Company serves high-net worth individuals, family offices, business owners, and corporate clients in helping them create, protect, and distribute their financial legacies through creative estate structures and custom-designed life insurance strategies.
“As fellow owner-firms in Lion Street we’ve known the folks at Paradigm Gilbert for years,” said Cassidy, president of the firm. “Like them, we have decades of experience navigating the ins-and-outs of life insurance and financial planning for business owners and high-net-worth individuals and families. We’re excited to join them under the Higginbotham umbrella, bringing our knowledge and expertise to partner offices and clients here in the Southeast.
“This partnership is going to allow us to significantly grow our market share and offer different services even within the life insurance space. The proprietary offerings now available to us through Higginbotham will enhance our existing client relationships and give us the opportunity to expand our reach, meeting new clients, learning about their needs, and delivering the outcomes they seek.”