Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has strengthened its employee benefits practice and made its first move to offer wealth management and retirement plan services with the acquisition of Garden City, New York, based TSG Financial. Terms of the deal were not disclosed.
TSG Financial is a full service employee benefits and financial services firm. Employee benefits drive the majority of its business activity, in which it works to develop traditional group benefits programs for a range of services including health and dental, as well as long and short term disability insurance. The firm is led by its four partners, Michael Waters, Paul Essner, Ben Chafitz and Bryan Pendrick, who average more than 25 years of experience in the business.
Risk Strategies Company offers risk management advice and insurance and reinsurance placement for property and casualty, healthcare and employee benefits risks. It serves commercial companies, non-profits, public entities and individuals.
“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 offerings,” said Michael P. Waters, lead partner at TSG Financial, about the acquisition in a company press release.
Source: Risk Strategies Company
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