Axcelus Financial Hits Record Assets of $14 Billion

Axcelus Financial (โ€œAxcelusโ€), an international provider of private placement life insurance and annuities, has achieved record assets under administration of $14 billion following its recent rebrand in January 2024. This milestone cements Axcelus as an industry leader and is indicative of the firmโ€™s unwavering dedication to serving the interests of its policyholders and business partners over the course of three decades.

Michael Farrell, Chief Executive Officer, stated: โ€œStrong investor interest in alternative assets, driven by the current macro environment, has played a significant role in Axcelusโ€™ asset growth this year. We are continuing to focus on developing innovative, customized solutions to help high-net-worth and institutional clients grow and preserve their assets.โ€

John Fischer, Head of Distribution, said: โ€œWe are pleased to see our solutions gaining increasing levels of traction with an expanded group of distribution partners as we continue to adapt our offerings to address clientsโ€™ evolving wealth planning and investment objectives. We are especially excited to further scale our programs with larger wirehouses and banks to meet this demand.โ€

As part of the firmโ€™s growth strategy, Axcelus is adding senior-level talent focused on further scaling the business and addressing the demand for private placement insurance solutions. In December 2023, Axcelus welcomed a new Chief Information Officer & Head of Client Experience, Satish Bhat, formerly technology and architecture lead for HSBC’s Global Wealth and Private Bank group.

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