Property and casualty (P&C) broker NFP has announced that it has acquired David A. Marcus & Associates and Deerfield Financial Group, collectively known as David Marcus. The deal closed on Jan. 13.
Illinois-based David Marcus is a multidisciplinary insurance broker and consultant that provides a range of financial products and services to both individuals and business owners.
As part of the transaction, firm founder David A. Marcus will join NFP. He will report to Michael Schneider, president of NFP’s central region.
“We’re very excited to welcome David and his team of insurance and financial planning professionals to NFP,” Schneider said. “This addition helps us expand our capabilities, expertise and relationships in and around Chicago and enhances our ability to help clients achieve their wealth goals.
“In our central region and across NFP, we remain committed to strategic growth, and welcoming firms that share our values, like David Marcus, is part of that commitment.”
Marcus and his team offer advice on group benefit programs, individual benefits, and life insurance and related coverage such as long-term care insurance, annuities and disability insurance, NFP said. The firm also offers retirement plan advisory and wealth management services to both corporate and individual clients.
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“We’re thrilled to join NFP and contribute to the success of a global, people-first organization with a strong presence in Chicago,” Marcus said. “Our firm was founded on a simple principle – we represent clients, not products – and NFP’s focus on solving problems for clients aligns well with our client-centric philosophy. Joining NFP also allows us to access sNFP’s wide array of integrated solutions and expertise so we can bring additional value to our clients.”
NFP recently announced the appointment of Matt MacCrory as senior vice president in its energy and marine practice and Lauren Kim as head of its financial institution group.
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