Shawn Kelley, managing partner of The Kelley Financial Group at Northwestern Mutual, with one of his top lieutenants, Pat Kern with Strategic Employee Benefits Services (SEBS).
The Kelley Financial Group, Network Office in Greater Cincinnati for Northwestern Mutual over the last 145 years, is proud to announce a litany of breaking news that further solidifies the brand’s intimate, long-term relationship with thousands of Tri-Staters.
The biggest news starts with a “B” – as in billion.
More specifically, $4.9 billion in 2011 dividend payouts for participating policies, the figure announced late last month by Northwestern Mutual. The expected national payout for Northwestern Mutual next year is $150 million more than the expected 2010 payout.
With the payouts, the financial security company expects to lead its industry in total life insurance dividends paid. Northwestern Mutual currently pays more in ordinary life insurance dividends than the next two highest-paying companies combined.
Northwestern Mutual credits its dividend payout to:
– careful underwriting;
– rigorous expense management;
– diversified investing, and
– strong performance in other operating fundamentals.
“Our 2011 dividend is great for our policyowners,” said John Schlifske, chairman and CEO of Northwestern Mutual (www.northwesternmutual.com).
“In absolute terms, it’s a terrific payout – the second-highest we’ve ever paid. We are particularly proud of how we perform, compared to the industry. We pay more in dividends than companies that are larger than us, and we do that while also being among the financially strongest companies in the world.”
BACKING UP THE BILLIONS: NEW 10-YEAR LEASE AT ROOKWOOD TOWER; NEW BUSINESS UP 15 PERCENT AT STRATEGIC EMPLOYEE BENEFITS
Policyowners of the mutual financial security company, Northwestern Mutual – will be encouraged to learn The Kelley Financial Group has notched two other significant milestones at the Norwood-based office, operating satellite offices in West Chester and Dayton.
Amidst a tenuous real estate market, where offices such as The Kelley Financial Group are intensely sought by commercial landlords, the group recently signed a 10-year lease renewal at a landmark facility towering over Interstate 71, the Rookwood Tower.
Rookwood Tower in Norwood, home of The Kelley Financial Group at Northwestern Mutual.
The 30,000-square-foot lease was signed at the building with terms commanding a major build-out of The Kelley Financial Group’s space.
Rookwood Tower is located in the popular Rookwood Pavilion and Rookwood Commons office/retail megaplex straddling Norwood, near Hyde Park.
The Kelley Financial Group needed to reconfigure its space to accommodate the office’s recruitment campaign, currently in the process of enlisting at least 100 new financial representatives over the next several years. Kelley currently leads a team of 250 passionate, dedicated professionals based in the Rookwood Tower; another 20 work in West Chester, joined by another 30 in Dayton.
“The Rookwood Tower has a very centrally-based location, and considering the tens of thousands of vehicles that pass us by, the visibility it affords has become a tremendous asset to showcase our brand,” Kelley said. In 2006, the Ohio-Kentucky-Indiana Regional Council of Governments estimated at least 140,000 cars pass by the distinctive, seven-story facility adorned with the Northwestern Mutual name and logo.
Last year, Kelley announced his recruitment campaign to add at least 100 new financial representatives over the next several years. His Satellite Office in Beavercreek, the Miami Valley Financial Group, located outside of Dayton, Ohio, recently announced a similar growth campaign to add 85 new financial representatives, under the guidance of Managing Director Jim Marker. In West Chester, the team of about a dozen financial representatives, led by Managing Director Jeffrey Gayonski, is looking to double in five years.
Jeffrey Gayonski, managing director with The Kelley Financial Group at Northwestern Mutual (West Chester).
Real estate has also factored into The Kelley Financial Group’s recent relocation and expansion effort in Butler County, where its West Chester Satellite Office recently doubled its space to almost 4,000 square feet at an office near Liberty Way.
“This is an intense, exciting time to be in the financial security business,” Kelley said of the growth his firm has experienced. “As a nation, as a company, and as financial professionals, we see first-hand the challenges that people are experiencing in this most challenging financial climate.
“With 145 years in this market – and the incredible stability that Northwestern Mutual has – we at The Kelley Financial Group feel that we are in a unique position,” Kelley added.
”We can help provide that most intimate, critical piece of peoples’ daily lives, financial security, that many seem to be missing.”
NEW SEBS TOOL, INTERACTIVE ENROLLMENT SERVICES (IES), HELPING EMPLOYERS MANAGE HEALTH CARE COSTS
Another one of the principal business lines at The Kelley Financial Group is Strategic Employee Benefits Services (SEBS), a nationwide marketing program providing employee benefit services exclusively through representatives of the Northwestern Mutual Financial Network. Each SEBS unit at the hundreds of national network offices of Northwestern Mutual is a locally owned and operated enterprise.
At the SEBS unit operating within The Kelley Financial Group, led by Pat Kern, new business is up 15 percent.
The experts at the Greater Cincinnati office of SEBS, also housed in the Rookwood Tower, (http://cincinnati.strategicebs.com) use a new tool – Interactive Enrollment Services (IES) – as a program that identifies employees who are eligible to elect alternative health insurance coverage options available to them, and their families, at a “no-loss” to the employee.
“Through customized incentives and professional advice from the highly-trained local SEBS team, employees are able to comprehensively and holistically understand their coverage outside of their employer’s plan,” said Kern. “There are quite common circumstances that we come across, in which we have been able to demonstrate significant savings to employers through an aggressively implemented IES program.”
ABOUT THE KELLEY FINANCIAL GROUP
The Kelley Financial Group at Northwestern Mutual (http://kelleyfinancial.nmfn.com) provides life insurance, disability income insurance, annuities and long-term care insurance, as well as an array of investment products to help clients protect their financial futures. In addition, some representatives are licensed to provide a variety of related products, which can help solve personal, retirement, estate and business needs.
Jim Marker, managing director with The Kelley Financial Group at Northwestern Mutual (Dayton).
ABOUT NORTHWESTERN MUTUAL
The Northwestern Mutual Life Insurance Company – Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with over $1 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.
Northwestern Mutual is an industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners. Though dividends are not guaranteed, are reviewed annually and are subject to change, the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment advisor, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments. Further information can be found at http://www.northwesternmutual.com.
*The Network Office currently headed by Shawn Kelley opened for business in 1865.