Wayne, PA – Alden Investment Group is pleased to announce the addition of Mike Downey as Director of Insurance Solutions & Executive Benefits.

With over 34 years of industry experience, Mike brings many years of expertise in insurance solutions, executive benefits, and financial strategies tailored to institutional and retail clients.

Mike joins Alden to lead the firm’s newly created Insurance Solutions & Executive Benefits Division, where he will work closely with banks, credit unions, capital markets, family offices, wealth management teams, RIAs, and financial planners. His vast experience, including 15 years as a life insurance wholesaler and successfully transitioning into a hybrid producer role, perfectly suits Alden’s diverse clientele.

“For the past 20 years, my focus has been helping depository and financial institutions implement strategies to retain, recruit, and retire senior executives,” said Mike Downey. “At Alden, I have the opportunity to expand my impact by leveraging my entire skill set across both the institutional and retail sides of the business. The firm’s entrepreneurial atmosphere, innovative product offerings, and unique access to financial solutions were major factors in my decision to join the team.”

Mike’s extensive background includes advanced insurance solutions for wealth transfer and business continuity, making him a valuable resource for Alden’s financial advisors and clients. He holds a degree from the University of Maryland and the Chartered Life Underwriter (CLU) designation, Life Underwriters Fellow (LUTCF), life and health insurance licenses, and FINRA Series 6, 63, and 7 registrations.

Lee Calfo, CEO of Alden Investment Group, expressed his enthusiasm for Mike’s arrival, stating:  “We’ve worked with Mike at our broker/dealer in his prior capacities and are excited now to have him in an executive role at Alden. His significant experience working with both financial advisors and institutional clients will be instrumental as he builds our Insurance & Executive Benefits Division.”

“Mike’s arrival allows us to meet growing demand from our advisor base to extend our financial planning and asset management solutions teams to encompass tax, estate and charitable planning,” added Aaron Williams, Chief Growth Officer. “Every week, we receive calls and emails requesting family office services, multi-generational planning and tax minimization strategies. Bringing in such a reputable advanced planner – who always leads with a client and solutions-first approach – is a natural extension of our platform services that we’re proud to offer our clients and advisors.”

Mike officially joined Alden Investment Group in March 2025 and is based in Owings, Maryland.

About Alden Investment Group

Alden Investment Group is a full-service financial services firm offering wealth management, institutional services, and investment solutions tailored to individual and corporate clients. The firm is committed to innovation, transparency, and providing cutting-edge financial strategies.