History of The Meckenstock Group: Generations of Success
Our story begins in 1937, when W.E. "Mack" Meckenstock began selling whole life policies through Penn Mutual, he had no idea his legacy would one day be what is now known as The Meckenstock Group, located in Hays, KS. Mack began working with Penn Mutual when he was located in McPherson, KS, and continued working for the company after the war in Oberlin, KS (1946-1957), Kansas City, KS (1957-1958), and finally, Hays. In his early days, much of the business was conducted outside the office: Mack spent many days traveling the back-country roads of Western Kansas. His perseverance paid off, as he eventually rose to be one of Penn Mutual's top agents in the country.
In 1973, while still working for Penn Mutual, Mack established his own independent marketing company, Fort Hays Financial Planning, to keep abreast of changes in the economy. People needed more variety, more choice, to solve their problems, and Mack's foresight in providing diversification proved fruitful. He continued to service the needs of his clients through whole life insurance companies, and became one of the most well known individuals in the business throughout the State of Kansas.
In June of 1980, Mack's youngest son, Bobb, moved back to Hays to join his father's business. Bobb had been working for Met Life in Omaha, Nebraska. Mack retired from Penn Mutual and became, along with his son, an independent producer. The firm's name was changed to Meckenstock and Meckenstock. Mack and Bobb took advantage of the consolidation of the industry, which now allowed them to offer clients investment related products in addition to fixed products.
It was during the early 1980s that Bobb became a pioneer in the annuities industry. In 1991, Bobb became the youngest chairman ever of Top of the Table. He followed this accomplishment by writing a series called "Money Talks," which taught advisors strategies for selling annuities and life insurance.
Mack's eldest son, David, joined his father and brother in August of 1986; the name changed once again to The Meckenstock Group. Collectively, the firm now had a CEO (Mack), President (Bobb), and Vice President (Dave). Before Dave joined the company, he had been working in Wichita as a stockbroker. Initially, as part of The Meckenstock Group, Dave primarily helped clients create pension plans. Dave was one of the few financial representatives in KS that had both CLU (Chartered Life Underwriter) and CFP (Certified Financial Planner) designations.
The Meckenstock brothers founded Main Street Securities in 1999. Their idea was to create a small, independent company that (a) helped producers develop relationships with each other, and (b) would allow them the flexibility to meet the needs of their clients. Within the span of 8 years, they grew the company to over 20 branch offices across the country. It was about this time when Mack officially retired from the business, leaving it in his sons' trusted hands. Also, at this time, Dave became the Chief Compliance Officer.David Meckenstock
The Firm took a devastating loss in 2005 when Dave passed away after a short battle with lung cancer. Because of the strong team and associates that were in place, the home office was able to rebuild a new structure based on Bobb and Dave's dedication to serving the independent financial advisor.Today, the company is well positioned and prepared for future growth. The Meckenstock Group has a desire to work with quality independent representatives in an entrepreneurial setting. We will never be the biggest firm, but we will always strive to be the best.Click here to view our entire team.