Lacher & Associates and FELA Establish Strategic Partnership
SOUDERTON, Pa., July 19, 2013 /PRNewswire/ -- Lacher & Associates announces its partnership with FELA (Financial Education & Literacy Advisers), a leading provider of consumer education and financial wellness programs based in Washington, D.C.
The new partnership allows Lacher & Associates to advance its diversification strategy and provide solutions that are unique to the risk management and benefits industry. In 2008, the firm formed a joint venture with Attentive Health, which provides corporate wellness initiatives that encourage and support healthy behaviors.
Through a collaborative effort, the three firms have developed "SPRING," an integrated, online wellness platform which will be made available to their clients this summer. The web-based application uniquely and seamlessly integrates health wellness and financial wellness programs to provide employers, benefits providers, and insurance carriers with a powerful wellness solution.
The online wellness solution will help employees and participants to:
- Discover health and financial risks unique to them and how to mitigate them
- Identify activities to improve their well-being
- Engage with mentors and coaches who can help provide guidance and support
- Track personal achievements, progress, and outcomes over time
- Access rewards and other incentives based on goal achievements
- Gain a holistic view of their overall wellness in a private, secure environment
The technology is designed to help employers, corporations, financial institutions, insurance carriers, and others who will benefit from an enterprise solution for employee engagement.
"FELA's corporate wellness programs help to empower employees by giving a sense of control over their financial well-being and the confidence to set and reach their financial goals. It is exciting to see how engaged and motivated individuals are when they realize 'I can do this,'" says FELA CEO and President Blake Allison. "We look forward to working side by side with Lacher & Associates to deliver a unique financial and health wellness solution to our partners and clients and make an even bigger impact on the lives of employees."
Mark Lacher, Partner at Lacher & Associates agrees. "In working closely with our clients, we have recognized that a truly comprehensive approach to corporate wellness means incorporating both health and financial wellness," says Mark. "We are excited about our partnership with FELA and what we will be able to collectively achieve with our clients and partners."
About FELA
FELA (Financial Education and Literacy Advisers) is a leading provider of consumer education and financial wellness programs. FELA uses a proven methodology, data-driven technologies, and principles of behavioral economics to implement outcomes-based programs that are aligned with the strategic objectives of its partners and clients. For more information, visit www.myfela.com.
About Lacher & Associates
Lacher & Associates is a boutique consulting firm specializing in risk management and benefits consulting for individuals and businesses. The firm has received regional and national recognition for its commitment to innovation and excellence in the insurance industry, including the "Best Places to Work in PA" award for four years. For more information, visit www.lacherinsurance.com.
SOURCE Lacher & Associates
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