other material
confidence high
sentiment neutral
materiality 0.45
Dominari Holdings enters JV with Heritage Strategies for insurance product distribution via 50/50 owned LLC
Dominari Holdings Inc.
- 50/50 co-managing members: Dominari Financial (day-to-day ops) and Heritage Strategies (admin work with insurers).
- JV will offer life insurance, private placement insurance, group medical, qualified plans, business and personal property & casualty insurance, family office, and estate planning.
- Revenues after G&A costs are distributed to the co-managing members as set forth in the JV agreement.
- JV may be dissolved upon certain events; each member has right of first refusal on transfers of membership interests.