Kansas City Life to sell financial services subsidiary

Photo Courtesy of Greg Boege/ Creative Commons Flickr
Kansas City Life financial services subsidiary Sunset Financial Services has $2.4 billion in assets under management. | Courtesy of Greg Boege/Flickr

The Kansas City Life Insurance Company will sell its financial services subsidiary Sunset Financial Services to Securities America. The deal includes the transfer of the company’s broker-dealer business, investment advising accounts and assets.

Sunset Financial has nearly 270 registered representatives across the nation, with $2.4 billion under management and $18 million in gross annual revenue. Securities America is based out of Omaha, and is one of the largest independent brokerage firms, with over 1,800 advisors.  No financial agreement was disclosed.

Read more from the Kansas City Star

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