Risk Strategies has acquired May, Bonee & Clark Insurance (MB&C), a Connecticut-based firm providing insurance placement, financial services, and risk management advice.
MB&C was formed through the merger of May, Bonee & Co, and the Clark Agency. It has provided tailored insurance placement to businesses and individuals, among other services such as financial and wealth planning in Connecticut for more than 35 years.
MB&C's placement of insurance coverage ranges from life, home and auto for private clients, to builders’ risk, commercial general liability and workers' compensation for businesses. The firm also offers capabilities in the creation of employee benefits programmes for businesses, from design and installation to daily services, across fully insured, self-insured and partially self-funded alternatives.
Risk Strategies’ securities and investment advisory services are offered through LPL Financial, a registered investment advisor. Certain representatives of MB&C are also registered representatives offering securities through LPL Financial.
Commenting on the acquisition, Tom Clark, partner at MB&C, says: “Insurance, financial planning and risk planning have become increasingly complex. Becoming part of a national scale, a true specialty firm like Risk Strategies makes perfect sense given the many benefits that will accrue to our clients.”
