business

Ex-All-American Wrestler Mike Amine Leaves MetLife for Securian

  • Amine will open new firm, Wealth Strategies Financial Group
  • He previously won accolades as University of Michigan athlete

Mike Amine, a former All-American collegiate wrestler, is starting a financial advisory firm as part of Securian Financial Group’s broker-dealer network after leaving MetLife Inc.

Amine is opening Wealth Strategies Financial Group in the Detroit area, closely held Securian said Wednesday in a statement. He competed at the University of Michigan and was an alternate on the 1992 U.S. Olympic Greco-Roman Wrestling team, Securian said.

MetLife, the largest U.S. life insurer, agreed in February to sell its Premier Client Group to Massachusetts Mutual Life Insurance Co. Insurers including American International Group Inc. have sold broker-dealer operations as the industry faces scrutiny from the Labor Department, which announced new rules in April that are designed to protect savers from receiving conflicted investment advice.

“Change brings opportunity,” Amine said in the statement. “I’m looking forward to building a team of financial professionals throughout Michigan.”

Securian was founded in 1880 and offers financial services through a network of locally owned firms and 1,100 advisers. The St. Paul, Minnesota-based insurer previously struck deals to expand with the purchase of operations that didn’t fit with the main businesses at some of the world’s largest financial firms. It announced agreements in 2011 to buy two units from Munich Re and a life insurance business from Bank of America Corp.

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