Insurance broker and consultant NFP has announced itsacquisition of 401k Management Group, Inc. and CampbellsAdministration, Inc. The transaction closed on May 12.
|Based in Santa Ana, California, 401k Management Group andCampbells deliver consulting and investment advisory services tobusinesses offering tax-qualified retirement and 401(k) savings plans and nonqualifiedexecutive compensation plans to their employees.
|David Heroux, president of Campbells, assumes the role ofdirector of retirement plan consulting at NFP Retirement.
|He reports to Nick Della Vedova, president of NFPRetirement.
|With more than 3,600 employees and global capabilities, NFP wasrecently ranked by Business Insurance as the5th largest global benefits broker by revenue, the4th largest U.S.-based privately owned broker, and the11th largest broker of U.S. business.
|It was also ranked the 5th largest executive benefitsprovider of nonqualified deferred compensation by number of plansby PlanSponsor and 11th in personal linesproperty and casualty revenue by Insurance Journal.
|NFP’s independent broker-dealer ranked 10th in annualrevenue by Investment Advisor.
|Rep ranked it the 6th highest in advisor production byassets under management.
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