Deals and People

Retirement Industry People Moves

Risk Strategies Acquires TSG Financial; Sentinel Names New CEO; and more.

By Javier Simon | October 14, 2016
Page 1 of 7

Risk Strategies Acquires TSG Financial

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.

TSG 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.

"We 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 strategy."

In the 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.

"It's 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 offerings."

NEXT:  Sentinel Names New CEO