Willis Towers Watson has promoted David Eisenreich to North America head of retirement, effective January 1, the firm announced Monday.
Eisenreich is reporting to Marco Boschetti, global head of retirement at WTW, and succeeds Michael Archer, who will retire later this year.
David Eisenreich
“We’re excited to appoint Dave to this important leadership position,” Boschetti said in a statement. “Dave’s ability to execute strategy, combined with his growth-focused leadership, makes him well placed for this role. We look forward to his contributions as we continue to grow the retirement business in defined benefit and defined contribution, plan administration, pension de-risking and financial wellbeing solutions.”
WTW offers pension and retirement products and solutions, including pension plan design and redesign and plan design implementation. In February, the firm entered the U.S. market for pooled employer plans with itsLifeSight PEP; Transamerica is overseeing the administration and recordkeeping for the PEP.
Eisenreich has been with WTW since 2005, previously in the role of North America head of sales and client management.
“I am thrilled to return to the business where I began my career and look forward to building on our momentum,” Eisenreich said in a statement. “We bring some of the best capabilities in the market to meet a wide array of client needs today, and I expect that to continue to grow.”
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Hub International Acquires BLS Wealth Management, Adviser Gottschling
Hub International Ltd. announced it has acquired the assets of Bienenfeld, Lasek & Starr LLC and BLS Wealth Management LLC (together, BLS Wealth Management), and the wealth and retirement consulting practice of Bob Gottschling.
Located in Fort Lauderdale, Florida, BLS Wealth Management is a full-service financial planning firm providing wealth management, insurance planning, employee benefits and employer-sponsored-retirement-plan services.
Managing Partner Howard Bienenfeld, Partners Carol Lasek and Mitch Starr and the BLS wealth management team will join Hub South Florida. Starr will lead the expansion of Hub’s retirement and private wealth practice in South Florida.
“Mitch, Howard and Carol have built an excellent client-centric firm that is a great addition to our team in South Florida,” Joe DeNoyior, Hub’s president of retirement and private wealth , said in a statement. “Their passion to serve clients is evident in each and every team member, and we are excited to bring their expertise to Hub. BLS Wealth Management provides a solid foundation as we continue to expand in the region.”
Gottschling, an adviser with Lincoln Financial Sagemark Consulting since 1988, has also joined Hub. Located in Vienna, Virginia, outside of Washington D.C., Gottschling’s practice provides wealth advisory and personal planning services, retirement plan consulting and strategic incentives consulting to clients.
“Bob has built one of the top retirement and individual wealth consulting practices in the Mid-Atlantic region in the last 25 years,” Peter Campagna, a partner in Wise Rhino Group, which represented Gottschling in the transaction, said in a statement. “Combining that advisory experience with an expertise in corporate strategic incentive consulting has allowed him to serve his clients at a very high level. HUB brings an enormous level of support and resources to Bob and is a perfect platform to meet his clients’ unique and changing needs. Adding a practice like Bob’s also further strengthens HUB’s already significant financial services presence in the DC Metro area.”
Mercer Global Advisors Inc. announced the acquisition of Transitions Wealth Management LLC, a wealth management firm located in Denver.
TWM was founded in 1999 by Bruce Bendell and Gary Saltzman. They were later joined by shareholders Michelle Sandt-Wade and Michael Simmons. The team serves more than 400 clients, with assets under management of approximately $465 million.
“We found our right partner after meeting with David Barton, vice chairman who heads up mergers and acquisitions for Mercer Advisors, and other Mercer Advisors personnel,” said Bendell in a statement. “David Barton, founder of Mercer Advisors’ in-house family office business model, said it best: ‘Mercer Advisors seeks to provide a Mayo Clinic approach to financial care by having a panoply of different specialists working together under one-roof, as one team, in an effort to provide outsized results for our clients.’ That is exactly our business model and level of care that we provide to our local clientele, but Mercer Advisors does it on a national level.”
“TWM stands out in a crowded RIA market,” Barton said in a statement. “They are exactly the kind of people and business model we seek to partner with, making each of us better and stronger.”
HANYS Benefit Services Rebrands as TruePlan Benefit and Retirement Advisors
HANYS Benefit Services announced it has rebranded to TruePlan Benefit and Retirement Advisors.
Based in Rensselaer, New York, TruePlan is a full-service independent consulting firm, registered investment advise and broker-dealer, primarily serving mission-driven organizations in New York and the Northeast. TruePlan is a subsidiary of The Healthcare Association of New York State.
TruePlan’s retirement planning services include plan optimization and governance, investment selection and monitoring, vendor management and benchmarking, merger acquisition as well as financial wellness and employee communications.
“Our firm has a long and successful track record of helping our clients with both their employee benefits programs and their retirement services,” Noah Buck, president of TruePlan, said in a statement. “We’re proud of what we offer to organizations and their employees. As we look to the future, it was essential that our name speak to all the ways we provide our clients value.”