Property-casualty dealer NFP has introduced its plans to accumulate Actuarial Consulting Group, Inc. (ACG) and ACG Advisory Companies, Inc. (ACG Advisory). The acquisition, which is topic to customary approvals and shutting circumstances, is predicted to be accomplished within the third quarter of 2023.

ACG Wealth Administration, a privately held agency working within the Richmond, Va., space, shall be collectively fashioned by integrating the operations of ACG and ACG Advisory. The transfer will allow NFP to supply complete retirement advisory, plan design, and administration options to its plan sponsor purchasers.

ACG focuses on third-party administration and non-advisory consulting for each outlined contribution and outlined profit plans. Its consumer base primarily consists of ACG Advisory’s plan sponsor purchasers. ACG shall be built-in into NFP’s Atlantic area retirement division, underneath the management of Jessica Espinoza, managing director of retirement at NFP.

Moreover, ACG Advisory, an impartial registered funding advisor (RIA) with roughly $1 billion in property, providing particular person wealth administration and company retirement plan advisory companies, shall be built-in into NFP and its subsidiary, Wealthspire Advisors.

The company retirement plan advisory element of ACG Advisory will change into a part of NFP’s Atlantic area retirement division, led by Espinoza. The wealth administration element of ACG Advisory will combine into Wealthspire.

“We’re thrilled to welcome ACG to Wealthspire,” stated Mike LaMena, CEO of Wealthspire Advisors. “Their longstanding dedication to serving people, households, and enterprise house owners as a trusted monetary associate aligns with our mission of constructing a optimistic affect. Their dedication to supporting charitable organizations and communities additional strengthens our shared values.”

J. Saunders “Sandy” Wiggins, CEO and president of ACG, will be part of Wealthspire as a managing director. Wiggins stated that becoming a member of forces with NFP and Wealthspire will empower ACG to take care of its dedication to purchasers with the added assist of intensive assets.

Earlier this week, NFP introduced the appointment of Hamid Abuzaid as chief of its Occupational Well being & Security Group. The corporate additionally not too long ago tapped Andrew Perkins to move up its North American commerce credit score and political threat apply.

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