Marsh & McLennan Agency Acquires RJF Financial Services
Advisory Firm Adds Retirement Services to Upper Midwest
WHITE PLAINS, NY — Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, Minnesota. Terms of the transaction were not disclosed.
RJF Financial has served retirement plan sponsors, participants, and business executives in multiple states across the US for more than 25 years, and has had a strong working relationship with the people and leadership in MMA’s upper Midwest region. All RJF Financial employees, including its president and founder Jim McQuillan, will join MMA and continue to work out of the firm’s existing office in suburban Minneapolis.
“I have known and worked with Jim McQuillan and his firm for more than two decades and couldn’t be happier to formalize our business relationship,” said Bill Jeatran, CEO of MMA’s upper Midwest region. “RJF Financial’s experienced and principled people are the right team to expand MMA’s retirement services capabilities into the upper Midwest.”
Mr. McQuillan added: “Our team is excited about the additional resources we can now bring to our clients, and eager to help build and grow the MMA retirement services practice in the Minneapolis area and throughout the upper Midwest.”