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HomeWealth ManagementAlera Group Acquires AZ-based DFG 401(okay) Advisors

Alera Group Acquires AZ-based DFG 401(okay) Advisors


Nationwide insurance coverage and monetary providers agency Alera Group has introduced the acquisition of DFG 401(okay) Advisors, an impartial certified retirement plan providers firm specializing in company retirement advisory and worker monetary wellness options.

This acquisition continues a push into the wealth and retirement house by Alera Group, following the acquisition of registered funding advisor Wharton Group, with $3.5 billion in property below administration, in June—a transaction that almost quadrupled the overall property overseen by Alera’s wealth administration arm.

Based in 2017 with backing from personal fairness agency Genstar Capital, Alera initially introduced collectively 24 companies in property and casualty insurance coverage, retirement and wealth providers, with a mixed income of $150 million. The built-in firm now brings in round $1 billion in income with greater than 3,500 professionals throughout 150 places of work nationwide.

Primarily based in Phoenix, Ariz., DFG has supplied fiduciary steerage, plan efficiency and worker monetary wellness providers to small and mid-size firms providing 401(okay) retirement plans for 3 a long time.

Jeff Anderson, DFG President and Managing Accomplice, described his agency as, “a devoted group of trade professionals, defending fiduciaries from company and private monetary legal responsibility and enhancing potential return-on-plan funding alternatives.”

DFG joins Alera Group below the title BCG 401(okay) Advisors by Profit Commerce Group, an Alera Group firm headquartered in Scottsdale, Ariz. The BCG 401(okay) Advisors group will proceed serving shoppers of their current roles. Phrases of the transaction weren’t introduced. 

“DFG 401(okay) Advisors is devoted to serving to shoppers execute the very best methods as a way to obtain their desired stage of economic safety,” mentioned Alan Levitz, CEO of Alera Group. “The group is aligned with Alera Group because it endeavors to exceed consumer expectations, as they supply high quality retirement options. We sit up for welcoming this group to Alera Group and increasing our footprint in Arizona.”

Sensible Rhino Group, an M&A advisory apply serving retirement and wealth advisory suppliers, in addition to third-party directors, was the unique advisor to DFG 401(okay) Advisors all through the transaction.

“Jeff Anderson and his DFG group have persistently been one of many elite retirement advisors within the Southwest,” mentioned WRG Accomplice Peter Campagna. “Partnering with a quickly rising and dynamic agency like Alera will assist them carry their already excellent consumer service to even larger ranges.”

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