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Wyncrest Group, Inc. (WNCG) RSS Feed

Followers
48
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272
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Posts (Total)
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Created
09/10/08
Type
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                                                                                                             Business Description

The Wyncrest Group Inc. (WNCG), is a publicly traded financial planning company offering a matrix of specialized financial programs and services. As a parent company, WNCG provides insurance products and services through its Southwest Financial Group subsidiary. WNCG plans to continue to grow Southwest Financial Group and its other businesses through synergistic acquisitions that create economies of scale and extend its presence into new insurance segments and financial service markets.
Z&Z International, Inc (dba Southwest Financial Group is a subsidiary of WNCG. Z&Z International, Inc. is located in McKinney, Texas and serves national and international clients. Southwest Financial Group has been in business for 22 years and markets aggressively to better position itself within the southwest and to define itself as a financial services organization.With 22,000 clients, 85 career agents and 285 representatives nationwide, Southwest Financial Group is engaged in the sale of an array of quality products and services that when combined uniquely position Southwest Financial Group to be the provider of choice for their target markets. Southwest Financial Group generated approximately $12.9M and $11.8M in gross insurance policy sales during 2007-08. In 2009 over $7M in gross insurance policy sales were made. Early in 2009 a conscious decision to take a new strategic direction selling products with significantly higher profit margins and an aggressive push toward increased operational efficiency was implemented. The results of this strategic change are dramatic as 2008 Gross Profit was $1,083,696 while 2009 came in at $1,191,835. This move from 9.2% GPM to 17.0% was both significant and validation of the new strategic direction which is carried forward into 2010.
The acquisition strategy at play seeks out undervalued companies that meet criteria for values, products and services plus fits our strategic growth profile. The acquisition strategy is targeting organizations with strong client portfolios, low overhead and a high ROI. The targets will be small firms selected to accelerate growth and leverage expanded market and client opportunities. The companies are great companies yet, "undervalued" because of the global economy, and present themselves a tremendous value for the right investor, which can capitalize on this window of opportunity.WNCG leads the industry in expanding its level of technology used to disseminate, maintain and secure information that flows to and from people, agents, brokers and clients. Great emphasis is put on our technologies to streamline the company's process, procedures and operating model to drive increased efficiency, productivity, and drive down fixed overhead. This initiative has created a profit center that provides Southwest Financial Group personnel an advantage over their competition.
To truly drive our portfolio and stock price to exceptional levels, it is critical we do not miss this opportunity. This strategy is the engine for the economies of scale and symbiotic relations of the various divisions for a more efficient, cost effective, productive and profitable operation. This direction leads to International aspirations as well, which is critical in the current environment of a global economy. We feel the broader our footprint of coverage the better for the comprehensive deployment of our services which leads to maximized profitability and drives more growth and greater R.O.I. for our stakeholders.The financial services market is highly competitive. This would not be the case if the opportunities for significant ROI did not exist in this marketplace. Southwest Financial Group and WNCG have an extensive history of success in this market. With the right partners, the right acquisitions and continued execution of the company's strategic plan Southwest Financial Group and WNCG can compete successfully while establishing a long-term value for its clients, employees and stakeholders.


 

 

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