| Business Units
The vision of the management is to combine a working network of profitable financial services companies under the umbrella ownership of UAFC. This financial services holding company will strive to take advantage of the increasing number of displaced quality personnel created by acquisitions and mergers taking place in the banking industry. The company will also strive to acquire existing profitable companies that provide immediate earnings and compliment the overall marketing opportunity for all the subsidiary companies owned and operated by UAFC.
United American Financial Corporation
Company Development & Sales and Marketing Strategy
United American Financial Corporation (UAFC) is a Diversified Financial Holding Company designed to take advantage of natural marketing synergies created through ownership and management of financial service companies. The targeted companies naturally will produce high volumes of revenue through fees and commissions generated by the marketing synergy and strategy developed and managed by UAFC. The management staff and the Board of Directors are committed to creating a marketing format that centers on developing full financial service representative relationships for its targeted customer base. UAFC’s management history and research proves that customers want and respond very positively to a company that is dedicated to developing a true financial counseling and needs analysis relationship with its customer base. UAFC has established a series of offerings of participating ownership in UAFC which it will offer to the future and existing customer base. All present and future stockholders will enjoy a high level of security in ownership because of the high regulatory standards required to engage in the financial services arena. This ownership base which will naturally establish another compelling reason a shareholder will want to develop a loyal and long term commerce relationship with some or all of UAFC’s subsidiary companies.
UAFC’s management staff will be dedicated to work hard to build a customer service reputation that will compel the shareholders and the company customers to want to refer their friends, family, and business relationships to a UAFC subsidiary company.
[top]
Bank Holding Company-Subsidiary
The flagship company owned and operated by UAFC will be a bank holding company with a goal of owning and having oversight management of an independent community bank in each of 10 connecting Midwestern states. Each of these community banks will provide an opportunity for a large number of local investors of the community where the bank is located to participate in the growth and service provided by and through the bank itself. The philosophy of providing positive appreciation of assets and revenue production for all UAFC investors is a strong motivating factor to encourage any individual investor to become a customer or recommend a customer to one or several of the UAFC subsidiary companies. Each of these independent community banks will strive to maintain fast and positive growth and reputation through the on location experienced bank operations staff. UAFC will provide additional capital to the banks through its offerings of securities specifically designed to provide selected location expansion branch banking opportunity. The Bank Holding Company subsidiary will also own a mortgage brokerage company. This mortgage broker will have a unique opportunity to work with the customers referred to them by the community banks, stockholders, Broker dealer representatives, policy owners of the Insurance subsidiaries, and all employees UAFC and subsidiaries.
[top]
Life Insurance Company- Subsidiary
UAFC will acquire 100% ownership of a chartered Life insurance company with the goal of establishing national marketing authority. UAFC will capitalize the life Company charter with a minimum of $5,000,000 capital and surplus. The company will develop a special product line designed to provide protection and cash growth appreciation for its policy owners. This product line will be marketed by referral to potential policy owners through a captive sales staff. All the traditional life products will also be offered by the captive sales staff, bank loan officers and the other sales and management staff of the other subsidiary companies owned by UAFC. The Life insurance Company charter will actively pursue the acquisition of other life insurance charters and books of business. Capital required to facilitate these acquisitions will come from the planned UAFC offerings of securities. These companies will most likely be merged together to take advantage of the economy of scale and enhance the security of the policyholder by maintaining a larger capital and surplus base of the surviving company. Acquisitions and mergers of this nature will also provide expedited authority to sell life insurance products in multiple states thereby enhancing the marketing opportunity.
[top]
Independent Marketing Company-Subsidiary
First America Financial Corporation (FAFC)
UAFC acquired 100% of the stock of FAFC for the purpose of establishing a National Independent Marketing Organization. FAFC will focus its marketing development activities in the placement of primarily senior products offered by some of the major carriers of those product lines. The company will derive revenue from overwrites of first year and renewal commissions by providing lead sources, sales support and sales training expertise to the contracted sales staff. The development of this policy owner data base will enable other UAFC subsidiaries the opportunity to provide a full line of services to these customers and their future referrals.
[top]
Independent Registered Securities and Exchange Commission Broker Dealer-Subsidiary
UAFC will acquire or charter an Independent S E C Registered Broker Dealer with a minimum capital base of $50,000. The Broker Dealer will provide UAFC an opportunity to build a national captive sales staff consisting of registered representatives who hold series 63 (blue sky), series 6 (mutual funds) and series 7 (full stock trading) licenses. These representatives will also hold property and casualty, life and health insurance marketing licenses. The primary development and focus of this subsidiary will be to sell the capital stock of UAFC by establishing a network of Advisory Board Members in each of the 10 targeted Midwestern states.
These 10 targeted states will be the same states that are targeted for the development of the community banks. Each state will have a state marketing director charged with developing the full commission sales staff dedicated to marketing UAFC capital stock to potential investors. The planned stock offerings of UAFC are designed to provide acquisition and operation capital for the subsidiary companies through the designed use of offering proceeds.
The strategy of establishing a network of shareholders evenly distributed in 10 contiguous joining states in the heart of Midwestern business offers UAFC a marketing foundation with unlimited profit potential. The broker dealer will also maintain an office in each main and branch location of the community banks in each state. Brokers assigned to these locations will be able to provide services to a new and growing customer base of each community bank and their referrals. As an Independent Broker dealer this subsidiary will have an opportunity to entertain placing capital stock for other emerging profitable businesses that are in need of expansion capital. The selection of, and the opportunity to raise capital for, very profitable companies, increases dramatically because of the exposure to entrepreneurs and bank customers. These companies will most probably be in the geographic areas representative of the stockholder base of UAFC.
Typically a selling agreement with these companies would yield a percentage ownership of the company as well as overwrite commissions to the broker dealer, as compensation for raising capital. The affiliation with the banks and the shareholder base of UAFC will provide a large lead base to place growth stocks.
[top]
Property and Casualty Insurance Agencies –Subsidiaries
UAFC will acquisition existing property and casualty insurance agencies from their present owners. These agencies offer UAFC unique marketing opportunity due to the fact that most P&C agencies have not generally marketed life insurance to their customer base. The Independent Marketing company can develop relationships with the existing policy owners of the agency and dramatically increase the commission income by marketing life insurance products offered by the Life Insurance Company owned by UAFC shareholders. These agencies also offer an existing source of revenue for UAFC as a multiple of the gross commission has already been established by the previous owners. UAFC will also strive to keep the involvement of the previous owners of these agencies post acquisition. That involvement will limit the acquisition attrition of the present policy owners. The volume of per carrier premium increases as UAFC acquires additional agencies and merges the company structure. Profitability of the agencies increases with volume as carriers provide discounts for volume and low loss ratios. Customers will have better selection in product line from quality insurance carriers and thereby give any potential customer of any UAFC subsidiary company a better product for a lower cost. Price competition and excellent service will enable the sales staff to develop an excellent reputation which will transfer to profit enhancement for any or all UAFC subsidiaries. Branch offices of these insurance agencies will also be established in each main and branch location of the banks owned by the UAFC through its wholly owned Bank holding company.
[top]
|
