Alera Group, a national insurance and wealth services firm, has acquired DFG 401(k) Advisors, an independent qualified retirement plan services company.
Based in Phoenix, AZ, DFG 401(k) Advisors provides a variety of services in fiduciary guidance, plan performance and employee financial wellness. DFG was founded more than 30 years ago specializing in corporate retirement advisory and employee financial wellness solutions.
DFG 401(k) Advisors joins Alera Group under the name BCG 401(k) Advisors through Benefit Commerce Group (BCG), an Alera Group company headquartered in Scottsdale, AZ. Wise Rhino Group served as exclusive advisor to DFG 401(k) Advisors. The BCG 401(k) Advisors team will continue serving clients in their existing roles. Terms of the transaction were not announced.
The acquisition represents a push into the wealth and retirement area by Alera Group—following on the heels of June’s acquisition of $3.5 billion Wharton Group—as they bring retirement plan consulting and wealth together with one of the nation’s largest health care benefits footprints, under the Alera Group brand.
“Jeff Anderson and his DFG team have consistently been one of the elite retirement advisors in the Southwest,” offered Peter Campagna, Partner at Wise Rhino Group. “Partnering with a rapidly growing and dynamic firm like Alera will help them bring their already outstanding client service to even higher levels. These two firms working together have a very bright future.”
“We are a dedicated team of industry professionals, protecting fiduciaries from corporate and personal financial liability and enhancing potential return-on-plan investment opportunities,” said Jeff Anderson, President and Managing Partner at DFG 401(k) Advisors. “For more than 30 years, we have enabled conscientious companies to effectively scrutinize and benchmark their 401(k) plans with the goal to improve benefits, save money, streamline administration and ensure compliance amid the confusion of changing legislation and regulations.”
“DFG 401(k) Advisors is dedicated to helping clients execute the best strategies in order to achieve their desired level of financial security,” said Alan Levitz, CEO of Alera Group. “The team is aligned with Alera Group as it endeavors to exceed client expectations, as they provide quality retirement solutions. We look forward to welcoming this team to Alera Group and expanding our footprint in Arizona.”
