Advisor Insurance Launched by Industry Experts to Transform Business Insurance for Wealth Managers

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[May 13, 2021]

Advisor Insurance, LLC is proud to announce that it has officially launched its new platform to make it easier for wealth managers to buy business insurance and protect their firms.

Advisor Insurance was founded on the belief that the business insurance process is complex and time-consuming, and that products often fall short of meeting the unique needs of wealth managers. The firm’s mission is to simplify the process, align solutions to meet the unique and complete needs of wealth managers, and recommend ways to mitigate potential liabilities.

The firm is the result of the vision and collaboration of two world-class partners: K2 Placements and Wealth Advisor Growth Network (WAGN). K2 is a leading wholesaler that works with carriers and focuses on improving the insurance ecosystem along with its sister company Kore Insurance Holdings, LLC, one of the largest privately owned Property and Casualty firms in the U.S. Kore and K2 have over 400 employees across the country and work diligently to provide clients world-class service and innovative solutions. WAGN is a leading consultancy that helps wealth firms unlock growth and improve their businesses.

Given WAGN’s partnership role, Advisor Insurance will be led by Jay Hummel and John Phoenix, Co-Founders of WAGN. They are former RIA owners, played senior roles at Envestnet and American Century Investments. Jay is the author of both The Essential Advisor and Success and Succession, two books focused on helping advisors build value and drive growth.

“As former advisors, we know how difficult it can be for wealth managers to buy insurance – answering hundreds of application questions, taking weeks of time, and ending up with generic policies,” said Jay Hummel. “We partnered with top insurtech platforms to streamline the process from hours to minutes of an advisor’s time – and designed solutions to meet the unique needs of their firms.”

The leadership team will include a combination of insurance and wealth management industry experts. Dan Jones will manage marketing, sles and distribution. Prior to Advisor Insurance, he was a wealth advisor at Buckingham Strategic Wealth and worked at Envestnet Financial Management, including sales and consulting roles across institutional RIAs, banks, broker dealers and trust companies. Matt Tobia and Lucas Dietrich, senior leaders at K2, will bring their over 30 years of insurance expertise to the team and will oversee insurance product design, carrier management and insurance operations.

“We assembled an exceptional team with deep knowledge of the nuances of the wealth management industry and proven expertise in insurance and underwriting,” said Dan Jones, Vice President at Advisor Insurance. “What sets us apart is not only our fast, hassle-free process but the fact that our solutions have been designed by advisors, for advisors – which means we are able to truly help wealth managers protect every aspect of their firms.”

Advisor Insurance conducted extensive research and worked with underwriters to create best-in-class coverage backed by AM Best A Rating Carriers to design a full spectrum of solutions to meet the unique needs of wealth managers, including proprietary and exclusive products only the firm will have the legal right to distribute in the industry. Solutions include Errors & Omissions (E&O), Directors & Officers (D&O), Cyber Insurance, Business Owners Policy (BOP), Workers’ Compensation and Employment Practices Liability Insurance (EPLI). The firm also provides comprehensive risk reports and recommendations to help wealth managers improve their risk profiles and lower premiums.

“We did the hard work to make it easier for advisors to buy business insurance, protect their firms and get back to focusing on what they do best – helping their clients,” said John Phoenix.

Advisor Insurance is headquartered in Montclair, New Jersey and positioned to deliver solutions to wealth managers in all 50 states.

About Advisor Insurance

Advisor Insurance is a business insurance partner singularly committed to providing a full range of insurance solutions to help wealth managers protect their firms and mitigate risk.

For additional information, please visit:

About K2 Placements

K2 is a leading wholesaler in the distribution of specialty insurance products – offering brokering through the lens of an underwriter to optimize outcomes for its partners.

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About Wealth Advisor Growth Network (WAGN)

WAGN works with RIAs to help them build the best run firms in the industry, deliver faster growth, and create more value for their clients.

For additional information, please visit:

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