Indy-Based Financial Firm Expands

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Indianapolis-based WestPoint Financial Group is about to undergo a major expansion. The company has merged with three regional financial service firms.

The three firms – Hoopis Group LLC., MassMutual Illinois and MassMutual Chicago – previously operated as general agencies of Massachusetts Mutual Life Insurance Co. The three firms are all based in the Chicago-area.

They will now operate under the name WestPoint Financial Group.

WPFG says the new integrated company will have 500 advisors across Indiana, Illinois, Ohio, Kentucky, Wisconsin and West Virginia.

“Our mission is to bring financial wisdom and clarity in a world of infinite information,” said Managing Partner Greg McRoberts, who will lead the combined opertions. “We are expanding our markets, expanding our net field force, and expanding our reach in communities and look forward to bringing our tradition of success to our clients in Chicago.”

The company says it will serve 200,000 clients with $34 billion of life insurance in force and $14 billion in assets under management.