Marsh & McLennan Agency Acquires Compass Financial Partners

January 05, 2021

Enhances Retirement Plan Consulting Expertise

Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, today announced the acquisition of Compass Financial Partners, a Greensboro, North Carolina-based retirement consulting and investment advisory firm. Terms of the acquisition were not disclosed.

A nationally recognized leader in the sector, Compass Financial Partners provides institutional retirement plan consulting and fiduciary services to clients across the US; its combined plan assets exceed $14 billion. Additionally, the company provides private wealth management and financial planning services to select individuals and families.

Compass colleagues will continue to work under the leadership of founders and Managing Partners Kathleen Kelly and George Hoyle. Ms. Kelly also will join MMA's National Retirement Strategy Team and lead the Retirement Services Practice for the Mid-Atlantic region.

Commenting on the acquisition, Bill Jeatran, President of MMA, said: "Compass is a highly respected firm, recognized for its commitment to providing extraordinary service and measurable results to clients. Its acquisition represents a significant enhancement of our capabilities as we seek to further integrate health, wealth, and retirement into our total wellbeing solution for clients. We are excited to welcome Compass' colleagues to MMA, and we look forward to Kathleen's leadership on our National Retirement Strategy Team."

"The addition of Kathleen, George, and their colleagues will significantly expand our expertise in retirement services," said John Stanchina, CEO of MMA's Mid-Atlantic region. "Compass is another example of our continued ability to attract the highest quality teams to join MMA, which strengthens our ability to serve clients."

Ms. Kelly added: "Joining MMA allows us to broaden and enhance the resources we offer to both our clients and colleagues. Our team is eager to play a role in the ongoing growth of this dynamic national firm."