Risk Strategies Acquires TSG
Risk Strategies, a privately-held national
insurance brokerage and risk management firm, has announced the acquisition of TSG Financial. The move
marks the firm’s first venture into offering wealth management and retirement
plan services as part of its employee benefits practice.
Financial is a full-service asset management and employee benefits firm. It
develops traditional group benefits programs for everything from health and
dental to long-and short-term disability insurance. The firm is led by its four partners:
Michael Waters, Paul Essner, Ben Chafitz, and Bryan Pendrick.
believe that deep, real-world expertise makes even the most complex client
challenges easy to solve," says John
Greenbaum, employee benefits national practice leader for Risk Strategies.
"TSG Financial fits this model. Its employee benefits business is highly
complementary to ours and brings to the table financial services capabilities,
such as 401(k) plans, that are a logical extension of our business
home health care industry, TSG Financial provides organizations with
traditional group insurance programs and 401(k) plans for administrative
employees, home health aides and nursing staff.
exciting to join forces with a national-scale firm noted for its technical
ability and expert knowledge," says Michael
P. Waters, lead partner at TSG Financial. "Our client base will
certainly benefit from access to new, meaningful resources, while our
capabilities in wealth management will position Risk Strategies to expand its
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