NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has acquired 401k Management Group, Inc. and Campbells Administration, Inc. (Campbells). The transaction closed on May 12, 2015.
Based in Santa Ana, CA, 401k Management Group and Campbells deliver comprehensive consulting and investment advisory services to businesses offering tax-qualified retirement and 401(k) savings plans and non-qualified executive compensation plans to their employees. Campbells President David Heroux assumes the role of Director of Retirement Plan Consulting at NFP Retirement, reporting to Nick Della Vedova, President of NFP Retirement.
Della Vedova commented, “NFP’s commitment to providing best-of-breed retirement products and services, coupled with 401k Management Group and Campbells’ extensive experience in retirement plan consulting, further enhances our offerings for clients. We are pleased to welcome 401k Management Group and Campbells to the NFP family.”
Also commenting on today’s news, Heroux said, “Joining NFP allows us to grow the suite of retirement plan services we provide our clients. We look forward to leveraging NFP’s resources to best address our clients’ diverse retirement planning needs.”
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We are a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions. Our registered investment adviser and broker-dealer empowers independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.
NFP has more than 3,600 employees and global capabilities. Our expansive reach gives us access to the most highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We have become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 10th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management.
For more information, visit www.nfp.com.