Addition of this multidisciplinary financial services firm enhances NFP's offerings, including in retirement plan services and employee benefits
NEW YORK, Jan. 22, 2025 /PRNewswire-PRWeb/ -- NFP, an Aon company and leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has announced its acquisition of Tycor Benefit Administrators, Inc. (Tycor), a multidisciplinary professional services firm based in Wayne, PA. The principals of Tycor, Lauren Stuart and J. Timothy Corle, will join NFP as senior vice presidents and report to Jessica Espinoza, managing director of Retirement in NFP's Atlantic region.
"I'm excited to welcome Lauren, Tim and the Tycor team to NFP," said Espinoza. "This acquisition is a great opportunity to grow our presence in the greater Philadelphia market and round out our capabilities. We're especially looking forward to expanding our ability to scale our retirement plan advisory and third-party administration services nationally with Tycor's offerings."
Founded in 1980, Tycor has established itself as a multigenerational and diversified professional services firm that manages and advises on approximately $500 million in assets. The firm works with clients in Philadelphia and the tri-state area, focusing primarily on providing third-party administration recordkeeping and retirement services while also offering employee benefits, wealth management services, financial planning and individual insurance products.
"This is an ideal next step in Tycor's evolution, and we're thrilled to be part of NFP," said Stuart and Corle in a joint statement. "We're also very proud of our client service and excited to join a like-minded organization committed to helping employers empower their employees to live well and retire comfortably. The combination of access to NFP's wide array of human capital and employee benefits solutions and our highly effective service model will bring significant value to business clients and their employees in the region."
About NFP
NFP, an Aon company, is an organization of consultative advisors and problem solvers helping companies and individuals address their most significant risk, workforce, wealth management and retirement challenges. We are more than 7,700 colleagues in the US, Puerto Rico, Canada, UK and Ireland serving a diversity of clients, industries and communities. Our global capabilities, specialized expertise and customized solutions span property and casualty insurance, benefits, wealth management and retirement plan advisory. Together, we put people first, prioritize partnerships and continuously advance a culture we're proud of.
Media Contact
Josh Wozman, NFP, 4153186441, [email protected], nfp.com
SOURCE NFP
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