Risk Strategies Company Acquires Long Island-Based TSG Financial Bolstering Expertise in Employee Benefits Practice

Addition Brings Firm's First Distinct Investment Advisory Capabilities

BOSTON, October 11, 2016 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced it has strengthened its growing employee benefits practice, and made its first foray into offering wealth management and retirement plan services, with the acquisition of Long Island based TSG Financial. Terms of the deal were not announced.

Based in Garden City, New York, TSG Financial is a full service employee benefits and financial services firm. Employee benefits drive the majority of its business activity, developing traditional group benefits programs for everything from health and dental to long and short term disability insurance. The firm is led by its four partners, Michael Waters, Paul Essner, Ben Chafitz, and Bryan Pendrick, who average over 25 years of experience in the business.

"We believe that deep, real-world expertise makes even the most complex client challenges easy to solve," said John Greenbaum, employee benefits national practice leader for Risk Strategies. "TSG Financial fits this model. Its employee benefits business is highly complementary to ours and brings to the table financial services capabilities, such as 401(k) plans, that are a logical extension of our business strategy."

TSG Financial has also developed a specialty focus on the home healthcare industry and counts many of the largest organizations in the country as clients. The firm has become the market leader in offering these organizations traditional group insurance programs and 401(k) plans for administrative employees, home health aides and nursing staff.

"It's exciting to join forces with a national-scale firm noted for its technical ability and expert knowledge," said Michael P. Waters, lead partner at TSG Financial. "Our client base will certainly benefit from access to new, meaningful resources, while our capabilities in wealth management will position Risk Strategies to expand its offerings."

With roots dating back to 1985, TSG Financial was formed through the merger of Financial Design Concepts Inc. and Benjamin Chafitz, LLC. The firm's financial services offerings include retirement plans, including qualified pension and 401(k) planning, asset management, life insurance, and retirement planning.

To learn more about Risk Strategies, please visit www.riskstrategies.com

About Risk Strategies

Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. RiskStrategies.com.

For all media inquiries:
Ed Marshall
Risk Strategies
Director of Marketing & Communications