Marsh & McLennan Agency Acquires RJF Financial Services
White Plains, NY | April 05, 2017
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, Minnesota. Terms of the transaction were not disclosed.
RJF Financial has served retirement plan sponsors, participants, and business executives in multiple states across the US for more than 25 years, and has had a strong working relationship with the people and leadership in MMA’s upper Midwest region. All RJF Financial employees, including its president and founder Jim McQuillan, will join MMA and continue to work out of the firm’s existing office in suburban Minneapolis.
“I have known and worked with Jim McQuillan and his firm for more than two decades and couldn’t be happier to formalize our business relationship,” said Bill Jeatran, CEO of MMA’s upper Midwest region. “RJF Financial’s experienced and principled people are the right team to expand MMA’s retirement services capabilities into the upper Midwest.”
Mr. McQuillan added: “Our team is excited about the additional resources we can now bring to our clients, and eager to help build and grow the MMA retirement services practice in the Minneapolis area and throughout the upper Midwest.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
A global leader in insurance broking and innovative risk management solutions, Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$13 billion and more than 60,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; Mercer, which delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce; and Oliver Wyman, a critical strategic, economic and brand advisor to private sector and governmental clients. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.