In 1992, LUTC hired its first full-time staff person to develop overseas markets and hired an outside marketing firm.
Because LUTC was reluctant to invest in course translation and adaptation, the most promising countries seemed to be where English was spoken or where it was the predominant business language.
Rather than pursue emerging markets, in 1998, because of a projected loss and financial crisis, LUTC downsized its staff and incorporated the international operations into the marketing department.
The LUTC curriculum is designed for agents at every stage of their careers.
Under the consolidated structure, the educational, marketing, student support, and customer service functions will be promptly transferred to The American College's 35-acre campus in Bryn Mawr and LUTC will sell its 20,000 square foot headquarters in Bethesda, Md.
In addition to reducing costs, this combination will eliminate marketing and administrative redundancies," said Dennis Stork, president and CEO of LUTC, Inc.
By agreeing to combine the two institutions, The American College and LUTC will be able to provide students and companies with a single integrated source for every level of learning, from pre-contract training to graduate-level education.
By joining together, The American College and LUTC will become an organization capable of providing the comprehensive learning that is required by today's financial advisors.