Navacord has announced that two brokers in Ontario – Selectpath Benefits and Financial, and ProBenefits Consulting – have joined Navacord as partners.
A company statement said that the two deals strengthen Navacord’s position in the Canadian benefits space – a space that the firm has identified as a “priority growth area.” The partnerships more than double Navacord’s benefits revenue, while adding significant market share, capabilities, product, and service options for clients.
Selectpath is one of the largest independent benefits consulting firms in Canada, with an established presence in southwestern Ontario. The firm creates best-in-class solutions for the hospital and health care sectors, as well as for a wide range of industries such as transportation, automotive dealership, technology, and advanced manufacturing sectors.
“Selectpath deepens our leadership and expertise and expands on our multi-line approach with a broader scope of products and services,” commented Navacord president and CEO Shawn DeSantis. “The Selectpath team brings significant new capabilities in financial planning, Human Resources management, HRIS and payroll – something not many other brokers can offer.”
Also based in Ontario, ProBenefits specializes in creating customized and sustainable benefits and pension plans using a proprietary audit and disciplined cost containment strategy. The partnership with ProBenefits expands Navacord’s benefits and pensions business in the Toronto area, a statement said.
“Navacord continues to attract strong, like-minded brokers who wish to partner with a national organization to scale or build out their service offerings while maintaining their unique brand, culture, and autonomy,” stated Navacord executive chairman T. Marshall Sadd, who added that Navacord is happy to welcome both Selectpath and ProBenefits as it continues to expand its benefits business.
