Sentinel Benefits Acquires Schloss & Company

Eugene Schloss, founder of Schloss & Company, is retiring after 39 years of providing retirement planning solutions to clients in Long Island, New York.

Sentinel  Benefits & Financial Group (Sentinel), a Focus Financial partner firm, announced the acquisition of Schloss & Company. Schloss’ existing management team, whose members have served an average of 20 years at the firm, will continue to provide consultation services to its clients.

“We selected Schloss because of the team’s long-standing record of excellent client service and delivery.  In addition, the firm’s in-depth knowledge of the local market will help us continue our growth in this geographic area and provide an excellent complement to Sentinel’s already existing New York City offices,” said John Carnevale, President and CEO of Sentinel Benefits & Financial Group.

With this acquisition, Sentinel serves 4,300 clients. As an independent provider, the firm does not represent specific products, and often shares fiduciary responsibility with clients. Sentinel’s proprietary technology platform was internally developed by experts in the benefits industry to ensure the highest level of client service, the company said.

“Sentinel Benefits & Financial Group is seeking to expand nationally as a leading retirement and benefit provider in the independent marketplace,” added Carnevale. “We believe that as regulations continue to level the playing field through fee disclosure and as access to technology makes most providers look the same, the only real differentiator will be the local experts that serve clients. To that end, Sentinel seeks to define value to clients as independent, expert service, delivered at a reasonable price.”