Alera Group Wealth Services, a division of Alera Group, an insurance and wealth management firm, today announced the acquisition of Benson Blackburn. Based in Naples, Florida, BB is a specialized insurance consultancy with a focus on ultra-affluent families and closely held businesses.
“Benson Blackburn is among the few specialist firms in the country with the skills to sit across the table from ultra-high net worth clients and their close advisors to develop wealth preservation strategies,” said Tina Hohman, executive vice president and wealth services practice leader with Alera.
Benson Blackburn has specialized in life insurance, private placement life insurance, corporate benefits and business protection. The firm is a member of M Financial Group, giving it access to proprietary products from multiple insurance carriers. Prior to relocating to Naples in 2007, Benson Blackburn was in Cleveland, Ohio. Its national clientele continues to include a concentration in the Midwest and south Florida.
Founder Michael Benson launched his insurance career in 1976 and started an independent firm 10 years later. Scott Blackburn was named Principal in 2015. Both will remain with the firm as it continues under the banner Benson Blackburn, an Alera Group Company.
Terms of the transaction were not disclosed.
Topics Mergers & Acquisitions
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