BenefitsLink logo
EmployeeBenefitsJobs logo
Subscribe Now

“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Featured Jobs
ERISA Attorney (NY)
Defined Contribution Pension Administrator (FL)
Retirement Recordkeeping Specialist (IN)
ERISA Attorney (MI)
401(k) Administrator (CA, Telecommute)
Retirement Plan Administration Specialist (AL)
Retirement Plan Consultant (Telecommute)
DB / DC Administrator (CA, Telecommute)
Retirement Plan Sales Consultant (CA)
Pension Administrator - Retirement Plans (NJ, PA)
Senior ERISA Attorney / Managing Partner Level (CA, OR, WA, Telecommute)
Get the BenefitsLink app LinkedIn
Twitter
Facebook

Press Releases by Date  |   Press Releases by Company Name


View More Press Releases by CBIZ, Inc.

Press release:

CBIZ Acquires Retirement Plan Business Unit from Sequoia Financial Group

Issued by: CBIZ, Inc.

Date: Dec. 6, 2018

CLEVELAND (December 4, 2018) -- CBIZ, Inc. (NYSE: CBZ) (the "Company") today announced that it has acquired Sequoia Institutional Services ("SIS"), a business unit of Sequoia Financial Group, L.L.C., effective December 1, 2018.

Founded in 2010 and based in Akron, Ohio, SIS provides retirement plan investment advisory services. SIS has eight employees and recorded approximately $2.0 million in revenue during the past year.

Jerry Grisko, President and CEO of CBIZ, stated, "We are excited to welcome the SIS team to our CBIZ family. In addition to a strong cultural fit between SIS and CBIZ, the addition of SIS to our existing team of retirement plan specialists allows us to provide our clients with an even broader array of services backed by a larger team of top rate professionals."

Tom Haught, President of Sequoia, said, "Regulation, technology and specialization make the retirement business a concentrated effort, with talented people playing a critical role. This transaction allows our professionals to focus on client engagement with the added benefit of leveraging the scale and expertise of the CBIZ infrastructure."

CBIZ, Inc. provides professional business services that help clients better manage their finances, employees and insurance needs. CBIZ provides its clients with financial services, including accounting, tax, financial advisory, government healthcare consulting, risk and advisory, and valuation services. Benefits and insurance services include group health benefits consulting, property and casualty insurance, retirement plan consulting, payroll, and HR consulting. As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company's services are provided through more than 100 Company offices in 33 states. For more information, please visit www.cbiz.com.

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations. A more detailed description of such risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

BL:hh

View More Press Releases by CBIZ, Inc.

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

 
About Us

Testimonials

Privacy Policy

Post a Job

Advertise in the BenefitsLink Newsletters

Add Your Company to the Directory of Vendors and Software

Submit a News Item, Press Release, Webcast or Conference

Contact Us

Payment Portal

© BenefitsLink.com, Inc.