Compass Financial Partners, a Greensboro, N.C.-based retirement consulting and investment advisory firm led by former 401k Specialist Top Advisor by Participant Outcomes (TAPO) finalist by Kathleen Kelly, has been acquired by Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh.
Terms of the deal, announced Jan. 5, 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 U.S. with combined plan assets exceeding $14 billion. Additionally, the company provides private wealth management and financial planning services to select individuals and families.
Compass colleagues will continue to work under the leadership of founders and Managing Partners Kathleen Kelly and George Hoyle. Kelly also will join MMA’s National Retirement Strategy Team and lead the Retirement Services Practice for the Mid-Atlantic region.
“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,” said Bill Jeatran, President of MMA. “We are excited to welcome Compass’ colleagues to MMA, and we look forward to Kathleen’s leadership on our National Retirement Strategy Team.”
Kelly was honored as a TAPO finalist by 401(k) Specialist in July 2019, in part for her strategic approach to developing education and communication programs with clients, the goal of which is empowering employees to make the right decision.
“Joining MMA allows us to broaden and enhance the resources we offer to both our clients and colleagues,” Kelly said of the deal. “Our team is eager to play a role in the ongoing growth of this dynamic national firm.”
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.
SEE ALSO:
• July Top Advisor by Participant Outcomes (TAPO)—Kathleen Kelly
• SageView Acquired by Private Equity Firm
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
