Rubicon Financial Incorporated Acquires Its First Financial Services Subsidiary
IRVINE, Calif. - Rubicon Financial Incorporated has closed on the acquisition of Rubicon Financial Insurance Services, Inc., RBCF’s first financial service company acquisition.
Rubicon Insurance is a full service insurance agency offering personal and commercial lines, health and life insurance products to individuals and companies. Rubicon Insurance is currently licensed to do business in California and intends to expand to other states on the West Coast over the next two years.
“Clearly this acquisition marks a milestone in implementing and executing on our business model to become a diversified financial services company,” stated RBCF CEO, Joe Mangiapane. “Rubicon Insurance is an important building block for the implementation of our business strategy of providing a bundled, single-source, financial services boutique.”
Rubicon Insurance markets its services to other financial services companies by implementing the “Innovative Insurance Integration” marketing plan.
“By implementing the “i3” marketing approach, we hope to become the preferred outlet for insurance services for all of our referral partners; including the real estate and funding sector, individual tax accountants, tax attorneys, stockbrokers and investment banking firms,” stated Todd Torneo, President of Rubicon Insurance.
With regards to the mortgage and real estate sector, Rubicon Insurance is able to provide new home buyers and clients refinancing loans with homeowner’s, automobile and life insurance products.
When working with tax attorneys and tax accountants, Rubicon Insurance can implement life insurance and annuities that will compliment existing retirement plans and create tax advantages for their clients.
Rubicon Insurance currently partners with securities brokers to provide insurance products necessary for the broker to achieve their client’s goals, such as term and universal life insurance, annuities, and long term care insurance.
Finally, investment banking firms can work with Rubicon Insurance to provide directors and officers insurance, errors and omissions insurance, and key man insurance for their corporate clientele.
Rubicon Insurance intends to integrate its insurance products into the services offered by these companies, to effectively bundle the two products together.
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