Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Timeline

Timeline

The origin of Kaplan Financial Education lies in three companies founded in the early 1970s:

  • Blitz Schools: A training company established in 1970, focused primarily on the Financial Industry Regulatory Authority (FINRA) (then NASD) Series 6 classroom training for large insurance companies.
  • Security Schools: Provided insurance, securities, and real estate licensing classroom training.
  • DSC Publishing: A real estate licensing training company that was founded by a textbook publisher. The company used textbooks in its classes and sold the materials to other schools for use in their classrooms.

1984
Longman, Inc., acquired Blitz Schools, Security Schools, and DSC Publishing and merged them together to create Longman Financial Services, Inc. (LFSI).

1985
Longman purchased R&R Newkirk, an Indianapolis-based company that developed print products for insurance licensing and continuing education. The firm dated back to 1914 as a provider of insurance sales and product training. The acquisition provided Longman Financial Services a wide range of insurance training products and courses.

1986–1989
Longman acquired more than a dozen small training organizations, merging them into LFSI. These acquisitions were made to add new geographical market and/or new product lines.

1992
Longman sold Longman Financial Services to Bob Kyle and Dennis Blitz. Kyle and Blitz split their new company into three distinct business units: 1) Real Estate Schools, 2) Real Estate Publishing, and 3) Financial Services Training. Financial Services was consolidated from four locations into one office in Chicago, Illinois. The name of the company was changed to Dearborn Financial Publishing.

1996
Dearborn Compliance Tracking was created, an Internet-based system that tracked compliance hours and course approvals, as well as individual student and company programs.

1998
Dearborn was acquired by Kaplan, Inc.

Early 2000

  • Kaplan acquired Schweser, a highly profitable organization in La Crosse, Wisconsin, focused on training for the Chartered Financial Analyst® (CFA®) designation.
  • The firm also acquired Prosource, a Minneapolis-based classroom business that was the dominant provider in real estate and insurance licensing in Minnesota, as well as a large provider in insurance CE and securities exam prep.

2004

  • Insurance Systems of Tennessee, headquartered in Nashville, was acquired to make Dearborn the dominant provider of insurance and securities classroom business in the state of Tennessee. Three schools were acquired in Texas, including Leonard-Hawes, which made Dearborn the largest insurance and real estate trainer in the state.
  • Insurance Achievement™ (IA), located in Baton Rouge, Louisiana, was also purchased in 2004 to make Dearborn the largest provider of insurance professional designations exam prep products in the country. IA was founded in 1964 by Bob Rackley and provided exam prep for nearly a dozen popular insurance designations, including Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), and Certified Property-Casualty Underwriter (CPCU).
  • Saenger and Associates was purchased from its founder, Bruce Saenger, in 2004 to strengthen Dearborn’s securities and insurance classroom market share in New York and surrounding states.

2005
Kaplan purchased BISYS Education Services, Dearborn’s largest head-to-head competitor for financial services training and a large provider of licensing and compliance services to the insurance and securities industry. The education products and services were merged with Dearborn to become Kaplan Financial; the compliance group became a separate operating entity, Kaplan Compliance Solutions.

2006
Kaplan purchased eMind, headquartered in Los Angeles, California, which provided online securities firm element training and tracking, online insurance CE, and a suite of online compliance tools.

2008
Kaplan Financial was relocated from Chicago to La Crosse, Wisconsin, the home office of Kaplan Schweser. The company was placed into the hands of Kaplan Schweser’s management team, and the name was changed to Kaplan Financial Education. Kaplan Real Estate Education was also relocated to La Crosse.

2009
Kaplan Financial Education, Kaplan Real Estate Education, and Kaplan Schweser were collectively managed under the name Kaplan Professional Education.

2010
The Kaplan Compliance Solutions unit was folded back into the business, and Kaplan Professional Education became Kaplan Professional.

2011

  • January: The Kaplan Professional business was placed within the Kaplan University family and is now known as the Kaplan University School of Professional and Continuing Education, although Kaplan Financial Education continues to operate as its own brand within this business.
  • October: Kaplan Compliance Solutions was sold to Vertafore, a provider of insurance software to agents, managing general agents, and carriers.