Wells Fargo Insurance Services USA, Inc. – part of Wells Fargo & Company - announced today they have acquired JFK Consulting Group, LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kansas. The acquisition closed on November 29, 2010. Terms of the transaction were not disclosed.
“By joining Wells Fargo Insurance Services, we have expanded our capabilities to better serve our customers and help them protect their businesses and employees,” said Jess F. Knoth, president of JFK Consulting Group, LLC. “We’re excited to provide our customers with access to more financial services and products. While we have a new name, our customers will continue to be served by the same team of insurance professionals and will continue to receive the superior level of service they have enjoyed throughout our valued partnership.”
Serving customers primarily in Kansas and Missouri, JFK Consulting Group provides employee benefit brokerage and consulting services to a wide variety of customers, including small and mid-market fully-insured plans, large self-funded corporate plans, public sector employers, and association plans.
“Jess and JFK Consulting Group are well respected and their strong customer focus fits our business model,” said Keith Burkhardt, regional managing director of Wells Fargo Insurance Services, Midwest region. “This will further support Wells Fargo Insurance Services’ commitment to help our customers succeed financially.”
“Our partnership with the JFK Consulting Group will help to strengthen our commitment to maintaining a strong presence in Kansas,” said Kevin Kenny, executive vice president, insurance brokerage East. “We work with our local bankers to provide customers with fully integrated financial and insurance solutions for their businesses.”
About Wells Fargo Insurance Services
Wells Fargo Insurance Services is the fifth largest insurance brokerage in the world and the largest bank-owned insurance brokerage in the U. S. (Business Insurance, 2009) with more than 200 offices in 37 states. Its 9,200 insurance professionals place more than $16 billion of risk premiums with experience in property, casualty, benefits, international, personal lines, and life products.
Wells Fargo Third Party Administrators and Wells Fargo Disability Management are ranked as the third largest multiline third party administrators that offer employee benefits, and property and casualty claims administration (Business Insurance). For more information about Wells Fargo Insurance Services, visit www.wellsfargo.com/wfis.
Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations.