Member-Based Financial Services Firm Toropoint Launches
Firm to be led by 10-year veteran of the technology and financial services industry
Bringing together forward-thinking innovation and decades of experience in startups, wealth management and financial planning, Toropoint Financial Services is revolutionizing the way financial products are offered via technology and direct marketing partnerships.
With the launch of Toropoint, financial services companies including venture capital firms, accounting firms, law firms and more are offered the opportunity to develop partnerships to create a profit center and financial protection for their clients. Rather than outsouring these services to a vendor, businesses will be provided dedicated resources and front-to-back servicing with on-site representation, revenue share, and top-notch service. With extremely competent and valuable resource at their disposal, as well as a lucrative profit center, financial service companies will have access to the best wealth management and insurance services at no added cost.
“We are offering our partners a new way to create a profit center by connecting them to an incredibly lucrative part of their industries that they most likely aren’t currently accessing,” said Toropoint Managing Director Donald Sprague. “Through our membership-based system, our partners can control their own destiny and realize they need something better than what they’re currently getting in terms of the current level of service provided by outsourced vendors.”
Toropoint will be led Donald Sprague, an insurance executive and technology veteran, as Managing Director.
Mr. Sprague has been a broker and senior executive at Sedgwick James Insurance Brokers, Johnson & Higgins and Alexander & Alexander. In addition, he has served Partner in the Zebu Technology Group and SelectQuote Ins. Services. Mr. Sprague has more than 30 years’ experience as an Insurance Broker and as a Senior Executive and Chief Executive Officer in the Insurance and financial services technology industries. His technology and finance background provides a unique perspective to offer cutting-edge solutions for today’s businesses.
“We intend to define and own this marketplace by being the first to provide these innovative services in a way that allows our partner firms to find new opportunities at little to no risk to their business,” Mr. Sprague said. “I’m eager to engage with these client partner firms and give them something they have never had before: the ability to maintain control of their client base.”