M Financial Group Explained

M Financial Group
Type:Private
Foundation:1978
Founder:Peter W. Mullin
Mark Solomon
Carl Mammel
Eli Morgan
Location City:Portland, Oregon
Location Country:United States
Key People:Russell Bundschuh (Chief Executive Officer & President)
Products:Life insurance [Investments]
Homepage:www.mfin.com

The M Financial Group is a life insurance company based in Portland, Oregon, US. It offers life insurance and other financial services to "the ultra-affluent and corporate markets."[1]

History

The company was co-founded by Peter W. Mullin, Mark Solomon, Carl Mammel, and Eli Morgan in 1978.[2] [3] [4]

Over the years, the M Financial Group partnered with many insurance companies. Five years after its creation, in 1983, it partnered with Pacific Life.[2] Three years later, in 1986, it partnered with Unum.[2] By 1987, it had also partnered with Prudential Financial.[2] Five years later, in 1992, it partnered with John Hancock Financial.[2] By 2006, it had partnered with the Nationwide Mutual Insurance Company.[2] In 2011, it partnered with TIAA–CREF.[2]

By 2008, its annual sales had grown by 75%, up to US$2 billion.[5]

In 2014, the company established the M Center of Excellence at The American College of Financial Services, in partnership with the USC Davis School of Gerontology.[2]

Its chief executive officer and president is Russell Bundschuh.[6]

In 2019, M Financial Group partnered with PNC Financial Services Group in providing insurance products and services.[7]

Notes and References

  1. News: A Producer-Owned Client Advocate: An Interview with Fred H. Jonske, President and Chief Executive Officer, M Financial Group . October 22, 2015. Leaders . August 1, 2010.
  2. Web site: About M Financial . M Financial Group . October 30, 2015 .
  3. Web site: Company Overview of M Financial Holdings Incorporated . Bloomberg Business . October 22, 2015 .
  4. News: Adam. Worcester. M Financial earns respect for its innovative products . October 30, 2015. Portland Business Journal . July 27, 2012.
  5. News: Bill. Alpert. Losing Faith in National Financial Partners . October 30, 2015. . March 17, 2008.
  6. Web site: M Financial Group Names Russell Bundschuh as New President & CEO of M Financial Group. PRNewswire. January 5, 2022.
  7. Web site: M Financial partners with PNC. Kish. Matthew. September 24, 2019. www.bizjournals.com. 2020-03-04.