There are in excess of 35,000 independent insurance agents andbrokers in the United States, and the vast majority of them areprivately held.

Our experience would suggest that they are privately held for anumber of reasons including the autonomy they desire, the qualityof life they enjoy, the economic opportunities presented and thecompetitive advantages that can come from private ownership.

In spite of the many potentialadvantages that can be gained by private ownership, many agentscome to the point of selling their organization to third parties.For some, it allows them to best accomplish their personal andcorporate objectives. There are others, though, that still desireto remain privately held, but they have gotten themselves into aposition where they cannot continue to do so. In many instances,this happens because they simply do not understand what it willtake to remain privately held.

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