Kansas City Life Insurance Company has sold some of its broker-dealer operations to Securities America for an undisclosed amount. Kansas City Life, founded in 1895, markets individual life, annuity and group products through an agency force of more than 2,500. The company serves 48 states, D.C. and Europe. Securities America has purchased certain assets of Sunset Financial Services, a wholly-owned subsidiary of KC Life, which provides other investment options.
Securities America is a wholly-owned subsidiary of Ladenburg Thalmann Financial Corp, and was founded in 1984. The company is headquartered in a suburb of Omaha, NE. It has more than 500,000 customers nationwide, served by more than 1,700 financial professionals. The company manages about $54.1 billion in client assets.