Manufacturers Bank announced that it had entered into a referral alliance with AXA Advisors LLC to provide bank customers with a full range of insurance and investment products through Shuster Financial Group, LLC.
Michael Aarons, senior vice president at Manufacturers Bank, stated that the agreement would allow for the provision of value added services to the company’s existing clients and prospects. He added that through AXA Advisors, Manufacturers Bank will be able to offer, in addition to its existing services, a full range of financial products, including a full service brokerage, fee-based asset management and access to more than 100 different carriers.
Mark Shuster, president of Shuster Financial Group LLC, also expressed satisfaction with the new alliance, saying that Manufacturers Bank would be “an ideal partner” since core customers of Shuster Financial Group are California middle market businesses, which could gain great benefit from the group’s specialized services, such as employee benefits, executive compensation and business succession planning.
Topics Manufacturing
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