Marsh & McLennan Agency Acquires Compass Financial Partners
Marsh & McLennan Agency LLC (MMA) has acquired Compass Financial Partners, a retirement consulting and investment advisory firm based in Greensboro, North Carolina. Although the acquisition terms were undisclosed, Compass manages over $14 billion in plan assets and offers services to both institutions and individuals. Following the acquisition, Compass leaders Kathleen Kelly and George Hoyle will join MMA, enhancing their retirement services expertise. MMA aims to integrate health, wealth, and retirement solutions for clients through this strategic move.
- Acquisition of Compass enhances MMA's retirement services offerings.
- Compass manages over $14 billion in plan assets, increasing MMA's market position.
- Leaders from Compass will join MMA, bringing additional expertise.
- None.
Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, today announced the acquisition of Compass Financial Partners, a Greensboro, North Carolina-based retirement consulting and investment advisory firm. Terms of the acquisition were not disclosed.
A nationally recognized leader in the sector, Compass Financial Partners provides institutional retirement plan consulting and fiduciary services to clients across the US; its combined plan assets exceed
Compass colleagues will continue to work under the leadership of founders and Managing Partners Kathleen Kelly and George Hoyle. Ms. Kelly also will join MMA’s National Retirement Strategy Team and lead the Retirement Services Practice for the Mid-Atlantic region.
Commenting on the acquisition, Bill Jeatran, President of MMA, said: “Compass is a highly respected firm, recognized for its commitment to providing extraordinary service and measurable results to clients. Its acquisition represents a significant enhancement of our capabilities as we seek to further integrate health, wealth, and retirement into our total wellbeing solution for clients. We are excited to welcome Compass’ colleagues to MMA, and we look forward to Kathleen’s leadership on our National Retirement Strategy Team.”
“The addition of Kathleen, George, and their colleagues will significantly expand our expertise in retirement services,” said John Stanchina, CEO of MMA’s Mid-Atlantic region. “Compass is another example of our continued ability to attract the highest quality teams to join MMA which strengthens our ability to serve clients.”
Ms. Kelly added: “Joining MMA allows us to broaden and enhance the resources we offer to both our clients and colleagues. Our team is eager to play a role in the ongoing growth of this dynamic national firm.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to businesses and individuals across North America.
About Marsh
Marsh is the world’s leading insurance broker and risk advisor. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US
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