Alera Group Increases New York Footprint with The Waterford Group, LLC.

April 17, 2021

Nationally recognized retirement plan advisor brings consulting and fiduciary expertise

Alera Group, a leading financial services and risk management company, today announced the acquisition of The Waterford Group, a nationally recognized retirement plan specialist providing consulting and fiduciary services to companies in nearly every industry.

“The Waterford Group’s tailored approach ensures that all retirement plans meet a company’s mission, match its workforce demographics and support its employee benefit goals,” said Alan Levitz, CEO of Alera Group. “Furthermore, the Waterford Group’s retirement professionals are trusted by their clients and utilize a process that helps retirement Plan Sponsors fulfill their fiduciary duty and positively impact retirement outcomes.”

The Waterford Group provides 3(38) fiduciary and educational services to employer-sponsored retirement plans and wealth management services.

“We started Waterford to provide a specialized service to a very underserved market. As luck would have it, the entire retirement services industry has grown in importance and focus for business owners. We are fortunate to serve such amazing growing businesses and their employees,” said Brian Costello, Chief Executive Officer of The Waterford Group. “Alera Group’s unique entrepreneurial culture will help us with our growth plans and will allow us to continue to exceed our clients’ expectations. We are excited and proud to join the Alera family.”

The Waterford Group team will continue serving clients in their existing roles. Terms of the transaction were not disclosed.

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About Alera Group

Alera Group is a leading financial services and risk management company with more than $500 million in annual revenue offering comprehensive employee benefits, property and casualty, retirement services and wealth management solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 2000 professionals in more than 90 offices provide creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn or Twitter.