“This is another critical step we are taking to reach out to new markets through new channels,” said Kurt Laning, president of Clark Consulting, in a press release. “Garrett is among the best of the best in our industry, and the fit with Clark Consulting is an excellent one.”
McDaniel, who will serve as the firm’s Managing Director, Institutional Sales, has worked with major financial services firms from Kidder-Peabody to Prudential Securities and Paine Webber. In addition to his work at large corporations, he has served as an officer of smaller community banks – one of several Clark Consulting markets, according to the announcement.
The hire was described as part of a strategic offensive by Clark Consulting “to innovate both new services and new channels offering its products and services”. Clark Consulting specializes in helping companies establish executive benefit programs, programs that can be offset by sophisticated financing through bank-owned or corporate-owned life insurance (BOLI and COLI), according to the firm.
Clark Consulting primarily offers its services through independent consultants and continues to support that channel. At the same time, it is developing services that allow third party channels – such as major brokerages – to tap into Clark Consulting’s product and service offerings.
Clark Consulting, LLC, headquartered in Dallas, is an AEGON company. AEGON N.V. is an international life insurance, pension and investment group based in The Hague, The Netherlands, with businesses in over twenty markets in the Americas, Europe and Asia.
More information is available at http://www.clarkconsulting.com