NEW YORK – April 1, 2020 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, institutional investment consulting, retirement, and individual solutions, announced the acquisition of Fiduciary Investment Advisors LLC (FIA), in a transaction that closed on April 1, 2020. NFP is integrating FIA with DiMeo Schneider & Associates L.L.C., (DiMeo Schneider), a national investment consultant serving retirement plans, nonprofit organizations and private clients, and a subsidiary of NFP. The combined entity, led by the DiMeo Schneider and FIA management teams, operates independently under the DiMeo Schneider brand.
This acquisition brings together personnel and resources to create a unified firm that has offices in seven locations, serves clients in 47 states and advises on approximately $200 billion of client assets (as of December 31, 2019). DiMeo Schneider and FIA have served the same client types for years – retirement plans, endowments/foundations, and private clients – and will continue to do so.
Robert DiMeo, managing partner of DiMeo Schneider, is CEO of the combined entity; Mark Wetzel, president of FIA, serves as president. With a deep alignment of core values, culture and investment philosophy, a focus on high touch service, and a long history of partnership and collaboration, they lead a team of 180 professionals integrating their talents, resources, and presence to further enhance outcomes for clients.
"We have great respect for what Mark and his team have built, their approach to the business, and how they serve clients,” said Robert DiMeo. "We look forward to learning from each other, working together to enhance opportunities for our employees and clients, and increasing our ability to help current and future clients prosper.”
"This is an exciting milestone for our firm,” said Mark Wetzel. "DiMeo Schneider has an exemplary culture and commitment to clients. This combination is consistent with FIA’s history of seizing opportunities that elevate the value we deliver to our clients.”
NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).