What Goldstein Financial Group does

Goldstein Financial Group, LLC is an independent life insurance brokerage and consulting firm headquartered in Deerfield, Illinois, founded by Allan Goldstein who has led the firm as CEO for over three decades. The firm specializes in advanced life insurance solutions for ultra-high-net-worth individuals, family offices, successful business owners, and corporate clients, with a second office location in Palm Beach, Florida. Core offerings are organized around two client tracks — Private Clients Life Insurance and Business Clients Business Insurance — and include a proprietary consultative methodology called the Insurance Design Center (IDC), a negotiated underwriting process that submits client health records to multiple carriers to create a competitive auction, policy review services, 1035 exchanges, premium financing, and estate planning advisory services.

The firm's product portfolio spans permanent life insurance (whole life, universal life, indexed universal life), term life with conversion options, hybrid long-term care/life policies, and Private Placement Life Insurance (PPLI) for tax-efficient hedge fund and alternative asset investing. GFG operates as an independent Member Firm of M Financial Group, a financial services design and distribution network with 145+ Member Firms across 40+ states and international markets, which provides access to exclusive proprietary products with lower charges not available through retail channels, plus superior underwriting offers derived from the network's pooled mortality experience (average policy size ten times the industry average).

Revenue is generated primarily through commissions on life insurance products placed with carrier partners (John Hancock, Nationwide, Pacific Life, Prudential among M Financial's highly rated carrier partners) and transaction-based securities services offered through M Holdings Securities, Inc. (registered Broker/Dealer, Member FINRA/SIPC). In July 2022, Goldstein Financial Group joined forces with Capital Strategies Group, Inc., a Birmingham, Alabama-based Member Firm of M Financial Group, operating under Capital Strategies' branding while retaining its market identity.

Name

Goldstein Financial Group

Legal name

Goldstein Financial Group, LLC

Website

https://goldsteinfinancial.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Goldstein Financial Group is an independent life insurance brokerage and consulting firm serving ultra-high-net-worth individuals, family offices, and corporate clients. It is a Member Firm of M Financial Group and operates through a proprietary Insurance Design Center and negotiated underwriting process.

Ownership category

akta.pro rank

Product category

Life Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Risk Management & Insurance Advisory for Families (FSAAADAK)

Keywords

• Life insurance brokerage
• Wealth transfer planning
• High net worth insurance
• Estate planning services
• Executive benefit planning

Headquarters

HQ city

Deerfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Life Insurance Brokerage and Consulting: GFG serves as an independent life insurance brokerage and consulting firm, earning commissions on life insurance products placed with carrier partners. The firm utilizes proprietary analytical processes including thorough review of the high-end insurance market, advanced medical and financial underwriting, and analytical reporting.
2. Securities Services: Securities offered through M Holdings Securities, Inc., a registered Broker/Dealer, Member FINRA/SIPC.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Goldstein Financial Group is an independent life insurance brokerage and consulting firm that places life insurance products with carrier partners and provides advisory services to ultra-high-net-worth individuals, family offices, and corporate clients. The firm delivers a comprehensive suite of services including the proprietary Insurance Design Center (IDC) consultative process, Negotiated Underwriting, Policy Reviews, 1035 Exchanges, Premium Financing, and Estate Planning, distributing permanent life, indexed universal life, term life, hybrid LTC/life, and private placement life insurance products.

Product overview

Goldstein Financial Group operates as an independent life insurance brokerage and consulting firm offering a comprehensive suite of advisory services and insurance products for ultra-affluent individuals, family offices, and corporate clients. The firm's core offerings include Private Clients Life Insurance and Business Clients Business Insurance divisions. Key service offerings include The Insurance Design Center (IDC) for consultative insurance analysis, Policy Reviews for ongoing portfolio management, Negotiated Underwriting to secure competitive carrier offers, 1035 Exchanges, Premium Financing, and Estate Planning services. The product portfolio spans multiple life insurance types including Permanent Life Insurance, Indexed Universal Life (IUL), Term Life Insurance, Hybrid LTC/Life Insurance, and Private Placement Life Insurance. As a member firm of M Financial Group, the firm also provides access to M's suite of exclusive proprietary products. The firm specializes in serving high-net-worth clients through a proprietary process combining thorough market review, advanced underwriting, and analytical reporting.

Differentiator

Problem solved

Functional benefit

Brands

• Insurance Design Center (IDC): A proprietary consultative approach for the analysis and purchase of life insurance, serving private clients referred by attorneys, accountants, family office executives, institutional trustees, and wealth management advisors.

Products and services

• Private Clients - Life Insurance

Quantifiable outcome

• Carriers may reduce premiums by upwards of 40% from their first offer through negotiated underwriting process
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Capital Strategies Group, Inc.coreStrategic or Co-development Partner · 1 July 2022As of July 1, 2022, Goldstein Financial Group joined forces with Capital Strategies Group, Inc., a Member Firm of M Financial Group located in Birmingham, Alabama. Capital Strategies Group, Inc. is independently owned and operated and is a member of M Financial Group.
• Hindman AuctionsminorGTM or Marketing Partner · 17 February 2020Co-hosted exclusive event 'Art Market Updates and Planning Considerations' featuring industry expert speakers from Hindman Auctions and Deloitte Tax LLP. Event held at Gibson's Steakhouse in Chicago for advisors serving high net worth clientele.
• Deloitte Tax LLPminorGTM or Marketing Partner · 17 February 2020Partnered with Hindman Auctions for exclusive educational event on art market planning considerations. Micaela Saviano, CPA and Partner with Deloitte Tax LLP led the Art and Finance group discussion on tax, investment, and business planning for art collections.
• M Financial GroupcoreStrategic or Co-development PartnerGFG is an independent Member Firm of M Financial Group. M Financial Group is one of the nation's leading financial services design and distribution companies, with 145+ Member Firms in 40+ states, Hong Kong, UAE, and UK. Since 1978, M Financial's network has served ultra-affluent individuals, corporate executives, entrepreneurs, and Fortune 1000 companies.
• John HancockcoreOthersHighly rated carrier partner of M Financial Group, one of four primary carriers. Has maintained excellent ratings for decades.
• NationwidecoreOthersHighly rated carrier partner of M Financial Group, one of four primary carriers. Has maintained excellent ratings for decades.
• Pacific LifecoreOthersHighly rated carrier partner of M Financial Group, one of four primary carriers. Has maintained excellent ratings for decades.
• PrudentialcoreOthersHighly rated carrier partner of M Financial Group, one of four primary carriers. Has maintained excellent ratings for decades.
• M Holdings Securities, Inc.coreOthersRegistered Broker/Dealer, Member FINRA/SIPC. Securities offered through M Holdings Securities, Inc. for M Financial Group member firms.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Highland Capital Brokerage: Independent life insurance brokerage focused on the HNW and corporate markets with negotiated underwriting and multi-carrier placement. Operates a similar model to GFG — intermediary broker earning commissions on permanent and term life placements for affluent clients — and is one of the largest direct competitors in the same niche.
• IBIS Advisors: Independent life insurance brokerage focused on complex underwriting, high-net-worth cases, and advisor-supported placement. Closely comparable to GFG in target market (HNW/UHNW), product mix (permanent life, IUL, survivorship), and reliance on negotiated underwriting as a core differentiator.
• Centurion Wealth: Independent life insurance brokerage and wealth advisory firm serving affluent individuals and business owners, with negotiated underwriting and advanced case design. Comparable to GFG in client segment, product mix, and reliance on multi-carrier placement.
• Ash Brokerage: Large independent life insurance brokerage serving advisors and their HNW clients with case design, underwriting advocacy, and carrier access. Operates a near-identical business model to GFG — negotiated underwriting, advanced case design, and B2B referral relationships with financial advisors — making it one of the closest direct comparables.
• Lenox Advisors: New York-based wealth management and life insurance advisory firm serving HNW individuals, families, and business owners. Comparable to GFG in client segment (affluent families needing estate, business succession, and life insurance planning) and in offering integrated insurance solutions alongside wealth advisory.
• Capital Strategies Group, Inc. Birmingham-based M Financial Member Firm that joined forces with GFG in July 2022. Operates in the same niche (advanced life insurance brokerage for HNW individuals, business owners, and corporate clients) under the same M Financial umbrella, making it the closest internal comparable.

Broad incumbents

• Lion Street: National network of independent insurance and wealth advisory firms serving HNW and corporate clients, with collective carrier negotiating power similar to M Financial. Comparable to GFG because it represents the same network-distributed, advisor-driven distribution model for advanced life insurance.
• M Financial Group: Parent network of which GFG is a Member Firm; aggregates 145+ independent Member Firms and develops exclusive proprietary life insurance and annuity products. Comparable because it defines the network economics, product set, and carrier access that GFG competes within, even though it is the network parent rather than a sibling firm.
• Fidelity Investments Life Insurance: Large, established financial services firm offering term and permanent life insurance as part of a broader wealth management platform. Comparable to GFG because it competes for HNW life insurance dollars, though at much broader scale and with a more captive product set.
• Guardian Life Insurance: Major mutual life insurer with a captive career agency system (Park Avenue Securities) distributing life insurance and wealth products to HNW clients. Comparable to GFG because it reaches the same affluent client base through a similar advisor-referral model, albeit as a carrier-owned captive rather than an independent brokerage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Goldstein Financial Group