San Rafael, CA | October 29, 2024 — TCS Insurance, a boutique insurance advisory firm specializing in life, disability, and long-term care insurance for ultra-affluent families and growth-minded organizations, is pleased to announce its acquisition of The Downey Group, one of the nation’s leading executive life insurance and estate planning firms. This marks TCS’s second acquisition of 2024, strengthening its market presence and expanding its service capabilities.
Founded over 60 years ago by David J. Downey, The Downey Group has built a reputation for excellence in client service and custom insurance solutions, a vision that aligns closely with TCS’s commitment to delivering high-quality expertise. The acquisition will provide Downey Group clients access to a broader range of advisors, enhanced customer service, technology enhancements, and expanded product offerings under the TCS umbrella.
“Dave Downey is not only recognized for his legendary time on the basketball court at Illinois, but also for his pioneering contributions to the executive life insurance business,” said Steven Wight, Principal of TCS Insurance. “It is an honor to continue his legacy of passionate client service and innovative insurance solutions,” said David Richter, Principal of TCS Insurance.
“I am fortunate to be a ‘has been,’ instead of a ‘never was,’” said Dave Downey. “And I am grateful to now have an excellent business succession plan in place with an outstanding firm, and people. This change will be good for my clients, employees, family, and for those who have trusted The Downey Group over many decades.”
The Downey Group will become Downey, a TCS company, and all Downey employees will remain in place, continuing to serve clients under TCS’s leadership. Full integration is expected to be completed in the coming months, ensuring a seamless transition while maintaining the high-quality service both organizations are known for.
TCS and Downey are both Member Firms of M Financial, a leading network of independently owned life insurance firms with over 135 members across the U.S. and the United Kingdom. (www.mfin.com).
For more information about the acquisition and its benefits, visit www.tcs-insurance.com or contact
asktcs@tcs-insurance.com.
About TCS Insurance
TCS Insurance, with 45 years of experience, specializes in providing comprehensive life, disability, and long-term care insurance solutions for ultra-affluent families and growth-minded organizations. Known for personalized service and expert advice, TCS Insurance is dedicated to ensuring peace of mind and financial security for its clients across the US and globally.
About The Downey Group
For over 60 years, The Downey Group has been a leader in the executive life insurance and estate planning business. The Downey Group is known for its custom insurance offerings and commitment to outstanding client service.