AmeriLife Names Mike Vietri to Lead $7.2B Asset Wealth Arm

AmeriLife Group has named separate managers for its wealth and health distribution teams — and pointed out that it now has $7.2 billion in assets under management.

AmeriLife is a Clearwater, Florida-based financial distribution company that has used private equity firm backing to grow rapidly. The company has closed on 65 acquisitions since 2020 and added 350,000 insurance agent and financial advisor relationships.

The company announced that Mike Vietri will be the chief distribution officer for its wealth group and Scotty Elliott will be the chief distribution officer for its health group.

What It Means

Thanks to the rise of private equity firms, you might find yourself working with, or competing with, more and more big financial services firms that seem to come out of nowhere.

AmeriLife’s CDOs

Vietri has been AmeriLife’s chief distribution and marketing officer since 2016. He has managed health distribution as well as life and annuity distribution through field marketing organizations and a large network of brokers.

His organization now works with about 120 affiliates and agencies and generates.

Vietri will oversee Saybrus Partners, which AmeriLife acquired from Nassau Financial Group, along with other large distribution organizations, such as TruChoice Financial Group, Icon and Brookstone.