The Lewer Companies

A.M. Best Maintains Lewer Life’s Rating

Directors of Lewer Life Insurance Company are pleased to announce that A.M. Best has awarded the company a “B” rating after analyzing the company’s performance. Members of the executive team participated in the annual 3-hour conference call with A.M. Best on April 23, 2013 and learned that the company had maintained its rating in a letter from A.M. Best, dated May 10, 2013.

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles. It is the largest and longest-established company devoted to issuing in-depth reports and financial strength ratings about insurance organizations.

Lewer Life has reported relatively consistent net income in recent years due to investment income supplementing underwriting results, according to the report. The report also listed a number of major business diversification initiatives undertaken during this last period.

A.M. Best also advised that a future positive rating action may occur if Lewer Life successfully transitions to student insurance products exempt from healthcare reform, generates increasing non-student insurance premium revenue and continues to report relatively stable or improving earnings trends.

“This is the crux of where we are with Lewer Life,” commented President Mike Lewer. “We are working very hard right now to make the changes within the organization necessary to accomplish our goals. We look forward to continuing our improvement in our A. M. Best rating. Lewer Life will continue to reposition to meet the challenges related to the regulatory environment and financial markets, as well as the changing needs of the marketplace.”

LLIC Investment Advisor, Commerce Trust, Earns Lipper Award

Brent Showe (left) and Lewer Life investment advisor Scott Colbert accepting the Lipper Award on behalf of Commerce on March 14, 2013 in New York

Brent Showe (left) and Lewer Life investment advisor Scott Colbert accepting the Lipper Award on behalf of Commerce on March 14, 2013 in New York

Lewer Life Insurance Company (LLIC) is pleased to announce that Lipper, a leading provider of mutual fund information, analytical tools and commentary has given Commerce Investment Advisors, Inc. its highest rating in the Best Fixed Income Small Fund Group. Commerce Investment Advisors took the top spot out of 61 qualified companies in this category receiving an asset class group award. Scott Colbert, director of Fixed Income Management, The Commerce Trust Company and Commerce Investment Advisors, Inc., accepted the honor March 14, 2013 at an awards ceremony in New York.

According to a news release dated March 17, 2013, fund groups with at least five equity, five bond, or three mixed-asset portfolios in the respective asset classes are eligible for a group award. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group determines the asset class group award winner of the three-year period. The small fund group category must have at least three distinct portfolios in one of the asset classes – equity, bond, or mixed-asset. The threshold for determining large and small companies is $43.5 billion as of October 31, 2012.

“This recognition provides further evidence that Commerce Investment Advisors and its Fixed Income group continue to deliver strong nominal and relative performance,” Colbert said upon accepting the award. “I attribute our success over time to our focus on maximizing risk-adjusted return and our position as a money management arm within a high-quality bank. I believe it’s our credit work and the ability to identify value in various fixed income sectors that really distinguishes us on a relative basis over this time period and that has allowed us to work our way into the top percentile rankings.”

“Scott and his team have managed LLIC’s fixed income bond portfolio since December 2006,” said LLIC President Mike Lewer. “The board of directors has enjoyed working with Scott and his team through the years and fully understands how deserving they are of receiving this prestigious award.”

LFA Licensed as RIA in Two More States

Lewer Financial Advisors, LLC (LFA) was launched in November 2012 after Lewer received notice from the state of Missouri that the LFA application for licensure as a corporate Registered Investment Advisor (RIA) had been approved. Since the launching, LFA has become an RIA in two additional states – Louisiana and Kansas.

LFA Senior Vice President Greg Addison received the good news via the IARD, the industry acronym for Investment Adviser Registration Depository. IARD is an electronic filing system that facilitates investment adviser registration, exempt reporting adviser filing, regulatory review, and the public disclosure information of investment adviser firms. Financial Industry Regulatory Authority (FINRA) is the developer and operator of the IARD system. The system has been developed according to the requirements of its sponsors, the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), along with those of an Industry Advisory Council representing the investment adviser firms.

Following the latest RIA license approvals, President Mike Lewer commented that the development of LFA was the result of extensive research and precision timing. “The decision to switch to a new model for Lewer’s financial services arm came when Lewer began observing significant changes in market conditions,” said Lewer. “While the health insurance markets began exhibiting more uncertainties, the financial services markets began showing significant opportunities, especially in our niche markets. An increasing number of large investment brokerage firms have pulled out of the small business market. This trend presents us with an extraordinary opportunity to capitalize on our stronghold in the market.”


LFA Partners With TD Ameritrade

On December 14, 2012, Lewer Financial Advisors, LLC (LFA) senior vice president Greg Addison announced that the financial services firm’s enrollment package had been approved by the TD Ameritrade Review Committee.

According to online sources, TD Ameritrade was born after the Securities and Exchange Commission eliminated the practice of fixed brokerage commissions in May 1975. A handful of small firms, including “First Omaha Securities, Inc.”, saw a unique opportunity. First Omaha Securities, based in Omaha, Nebraska, evolved into TD Ameritrade, and for over 35 years has remained a pioneer in an industry that continues to find new ways to make Wall Street more accessible to the individual investor.

In 2005, Ameritrade purchased TD Waterhouse USA from TD Bank Financial Group, creating TD Ameritrade, one of the largest discount brokerages in the United States – and the largest in terms of average client trades placed each day.

“The decision to work with TD Ameritrade wasn’t a tough decision,” said Addison. “Our team felt strongly that TD Ameritrade offered the best solution.”

Addison and the LFA evaluation team – senior investment advisors Kevin Keleher and Dan Compton – reportedly recognized parallels between two Midwest companies with a shared history of innovation.

Senior Investment Advisor Joins LFA Team

LFA Investment Advisor, Dan Compton

LFA Investment Advisor, Dan Compton

The Lewer Companies are pleased to announce that consultant Dan Compton has joined Lewer Financial Advisors, LLC (LFA) as a producer and investment advisor, effective January 1, 2013.

In 1985, Compton became Charles Schwab & Company’s first financial advisor in the United States. He is known for his strong macro-economic view and has worked closely with other professionals in the coordination of client financial planning, including CPAs and attorneys.

Since 1985, Compton has served clients as president and owner of Professional Asset Management, Inc., a company based in Overland Park, Kansas. His company provides financial planning services to its clients by rendering advice on tax planning, risk management, investments, insurance, educational funding, retirement planning, Medicaid, long-term care, employee benefits, estate planning, estate liquidity, minimization of taxes and probate costs, cash flow analysis, financing options, and charitable donations.

Compton is a 1977 graduate of the University of Missouri – Kansas City and received certification from the College for Financial Planning (CFP) in 1985. His career path has included a number of seminars and presentations for Charles Schwab & Company, the CPA firm, Ken Woodward & Associates, and the Kansas Bar Association. His investment strategies have been published by a number of industry magazines including Financial Planning Magazine.

“The Lewer Companies’ greatest strengths are longevity and dependability,” said Compton, whose new goal is to help LFA clients “create enough money to last a lifetime.”

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The Lewer Companies