ROLLING MEADOWS, Ill., Dec. 13, 2018 /PRNewswire/ -- Financial wellbeing is essential to overall employee and organizational health. To help employers achieve optimized organizational wellbeing, Gallagher has created a unified consulting practice focused on delivering group and individual financial wellbeing solutions. Gallagher's new Financial & Retirement Services practice will enable easy accessibility to the unique skill sets of renowned experts who are critical to achieving successful retirement planning, sophisticated investment solutions, independent fiduciary services, actuarial consulting services, executive benefit retention programs and individual life insurance needs.
Financial stresses in particular are having a significant impact on the workforce. According to Gallagher's 2018 Benefits Strategy & Benchmarking Survey, more than six out of ten employers (62 percent) are addressing the negative affect of financial stress on productivity by providing employees with access to financial advisors and nearly half (47 percent) provide financial-literacy education to help employees make better saving and spending decisions.
"Whether alleviating the burden of student loan debt, preparing for on-time retirement, reducing turnover through executive retention programs, or monitoring an organization's institutional investment strategy; our integrated Financial & Retirement Services practice will help overcome the obstacles individuals and organizations are facing and allow them to create a better workplace," said William F. Ziebell, President, Gallagher Employee Benefits Consulting and Brokerage.
The new Financial & Retirement Services structure aligns with the Gallagher Better WorksSM approach to helping plan sponsors and their participants achieve better outcomes. In a tight labor market and complex financial environment, the integrated Financial & Retirement Services practice will address risks and challenges at the highest standard of care.
Jeff Leonard, FSA, EA, CFA®, will lead the practice as North America Financial & Retirement Services Leader. Mr. Leonard joined Gallagher's Institutional Investment & Fiduciary Services practice (legal entity Gallagher Fiduciary Advisors, LLC) in 2017. With over 30 years of consulting business experience, Mr. Leonard most recently held leadership roles with other financial advisory firms.
The specialty practice leadership team includes Dean Clune, Retirement Plan Consulting; Rich Brock, Executive Benefits Consulting; Michael Johnson, Investment & Fiduciary Consulting; and business unit leaders Malcolm Sklar, Luke Kaplan, and Stan Matus for Individual Life & Wealth components.
Gallagher (NYSE: AJG) is a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Illinois. The company has operations in 35 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants
For more information contact:
Anna Rozenich, Global Media Relations