NEW YORK, April 1, 2020 /PRNewswire-PRWeb/ -- NFP, a
leading insurance broker and consultant that provides property and
casualty (P&C), corporate benefits, institutional investment
consulting, retirement, and individual solutions, announced the
acquisition of Fiduciary Investment Advisors LLC (FIA), in a
transaction that closed on April 1,
2020. NFP is integrating FIA with DiMeo Schneider &
Associates L.L.C., (DiMeo Schneider), a national investment
consultant serving retirement plans, nonprofit organizations and
private clients, and a subsidiary of NFP. The combined entity, led
by the DiMeo Schneider and FIA management teams, operates
independently under the DiMeo Schneider brand.
This acquisition brings together personnel and resources to
create a unified firm that has offices in seven locations, serves
clients in 47 states and advises on approximately $200 billion of client assets (as of December 31, 2019). DiMeo Schneider and FIA have
served the same client types for years – retirement plans,
endowments/foundations, and private clients – and will continue to
do so.
Robert DiMeo, managing partner of
DiMeo Schneider, is CEO of the combined entity; Mark Wetzel, president of FIA, serves as
president. With a deep alignment of core values, culture and
investment philosophy, a focus on high touch service, and a long
history of partnership and collaboration, they lead a team of 180
professionals integrating their talents, resources, and presence to
further enhance outcomes for clients.
"We have great respect for what Mark and his team have built,
their approach to the business, and how they serve clients," said
Robert DiMeo. "We look forward to
learning from each other, working together to enhance opportunities
for our employees and clients, and increasing our ability to help
current and future clients prosper."
"This is an exciting milestone for our firm," said Mark Wetzel. "DiMeo Schneider has an exemplary
culture and commitment to clients. This combination is consistent
with FIA's history of seizing opportunities that elevate the value
we deliver to our clients."
"I am thrilled to welcome FIA to the NFP community," said
Doug Hammond, chairman and CEO of
NFP. "DiMeo Schneider maintains a strong presence in the
institutional market defined by independence, long-term
relationships, and sustained growth and success. With aligned
values, a talented team of professionals, and a commitment to
collaboration, these two highly regarded firms are even better
together."
About Fiduciary Investment Advisors
Fiduciary Investment Advisors LLC (FIA) is an independent
investment consulting firm that works with fiduciary clients
including retirement plan sponsors, institutional investment pools,
non-profit organizations and private clients. They provide
customized investment advisory services to assist clients in
achieving their investment objectives while fulfilling their
fiduciary obligations. FIA is a registered investment advisor, and
as such is a fiduciary that provides conflict-free advice. Learn
more by visiting http://www.fiallc.com.
About DiMeo Schneider & Associates L.L.C.
Founded in 1995, DiMeo Schneider & Associates L.L.C. is
dedicated to investment consulting. The firm's core mission is to
help clients prosper by providing strategic, client-centric
investment consulting services to retirement plans, nonprofit
organizations and private clients. Investment consulting is their
business and they strive to be free of conflicts and offer no
proprietary investment products, nor do they accept commissions.
DiMeo Schneider provides services to organizations and individuals
seeking tailored advice and high-touch, personalized service. Learn
more by visiting http://www.dimeoschneider.com.
About NFP
NFP is a leading insurance broker and consultant providing
specialized property and casualty, corporate benefits, retirement
and individual solutions through its licensed subsidiaries and
affiliates. NFP enables client success through the expertise of
over 5,600 global employees, investments in innovative
technologies, and enduring relationships with highly rated
insurers, vendors, and financial institutions. NFP is the 5th
largest benefits broker by global revenue, 6th largest US-based
privately owned broker, and 8th best place to work in insurance
(Business Insurance); 10th largest property and casualty agency
(Insurance Journal); and 13th largest global insurance broker
(Best's Review).
Visit NFP.com to discover how NFP empowers clients to meet their
goals.
SOURCE NFP