GCG Is Newest Benefit Advisors Network Member

Benefit Advisors Network has named Bannockburn, Illinois-based GCG Financial in Bannockburn, Illinois, as its newest member.

Members of Benefit Advisors Network, a national network of progressive and visionary employee benefit brokers and consulting firms, are known as Smart Partners. Members are screened before membership is granted to ensure they distinguish themselves from their competitors through their knowledge of the employee benefits industry, ethical approach, business acumen, and strategic vision, according to Perry Braun, executive director of Benefit Advisors Network.

David Levitz, co-owner and president of the employee benefits division at GCG, cited being able to tap into the network of experts and strategic resources of Benefit Advisors Network as a key attraction to membership. These resources will allow GCG to provide additional and critical services to clients. 

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“Under the changing landscape of the Affordable Care Act we are particularly looking forward to having a collegial forum where we can learn from others in our same position, as well as have access to leading compliance experts within the employee benefits industry,” Levitz said. He noted as well the network departments that specialize in actuarial, pharmacy, wellness and population health management as factors that would help create key differentiators for GCG to distinguish the firm from its competitors.

As a result of health care reform, many in the employee benefits industry are trying to continue moving forward despite the continuous upheaval in regulations and resulting uncertainty. Through a progressive, head-on approach, Benefit Advisors Network seeks to mitigate uncertainty by serving as a collaborative resource, with their new departments providing products and services for members that help them to remain relevant in an ever-changing marketplace.

“We have seen an increase in brokers across the country wanting and waiting to join our organization, which they recognize will help successfully navigate the complexities of the market—therefore adding value to their clients,” Braun said. “However, we have strict standards we adhere to, and we intentionally limit membership to the top tier firms per geographic market.”

GCG, which also has an office in Denver, was founded 38 years ago as an individual life insurance company. The organization’s benefits division was created in 1986, and a property and casualty division was launched four years ago. The privately held company has four founding partners and three minority partners. The firm employs nearly 190 professionals and serves close to 1,600 clients.

NFP Unit for Advisers Debuts Retirement Center

NFP Advisor Services Group unveiled the Retirement Center, which consolidates access to retirement resources and plan experts to support retirement plan advisers.

The Retirement Center connects advisers, particularly those focused on high-net-worth clients who tend to be business owners and executives, with a resource center of the firm’s expertise in retirement plans and corporate benefits. The center also serves as a showcase for the NFP services advisers can use to address the personal retirement needs of a business owner or an executive. 

Among the offerings are customized marketing support, discounted fiduciary certification services, and access to outside legal resources and executive compensation/ benefits experts.  This resource empowers advisers not only to win retirement plan business, but also to execute the complex benefit strategies that will establish the deep and lasting relationships with executives and business owners that differentiate the most successful practices. 

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According to James Poer, president of NFP Advisor Services Group, retirement plan business is one of many disciplines the firm’s advisers use to expand their book of business and create relationships with executives and business owners. “We’ve always been committed to this business and are proud to roll out the next generation of support that highlights the unique combination of capabilities that only NFP can provide,” Poer said.

“The Retirement Center is a collection of the rich and diverse expertise exclusive to NFP with the added benefit of our depth and breadth of capabilities across multiple business lines,” saidEd O’Malley, president of NFP Corporate Client Group. “By connecting advisers with these elite resources, we are investing in their future success as no other firm can.”

NFP Advisor Services Group is a business segment of NFP that serves independent financial advisers, including registered independent advisers (RIAs) and hybrids, by offering broker/dealer and asset management products and services.

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