Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, has kicked off 2021 with the acquisition of Compass Financial Partners, a firm led by Kathleen Kelly and George Hoyle.
Compass is a Greensboro, North Carolina-based retirement consulting and investment advisory firm with combined plan assets in excess of $14 billion. Additionally, the company provides private wealth management and financial planning services to select individuals and families.
According to a press release, Compass colleagues will continue to work under the leadership of founders and Managing Partners Kathleen Kelly and George Hoyle. Kelly also will join MMA’s National Retirement Strategy Team and lead the Retirement Services Practice for the Mid-Atlantic region.
“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.”
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.”
Terms of the acquisition were not disclosed.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to businesses and individuals across North America.
