Alera Group Acquires Muench Financial, Inc.

Alera Group Acquires Advanced Capital Group

September 5, 2024

Financial Services

Alera Group, a national insurance and financial services firm based in Deerfield, Illinois, has acquired Minnesota-based Advanced Capital Group (ACG). The deal adds $24 billion in retirement plan and wealth assets to Alera's Retirement and Wealth Services business (bringing the division to $45 billion); terms were not disclosed.

Alera Group Retirement Plan Services Acquires Fraser Group

December 12, 2023

Financial Services

Alera Group Retirement Plan Services, a division of Alera Group, has acquired Fraser Group, a retirement plan consulting practice led by industry veteran George Fraser. Fraser and his Scottsdale, Arizona–based team will join Benefit Commerce Group's retirement plan services division (an Alera Group company) to strengthen Alera's retirement plan capabilities; terms were not disclosed.

Alera Group Acquires The Ascent Group

January 4, 2023

Wealth Management

Alera Group, a national insurance, wealth and retirement services firm based in Deerfield, Illinois, acquired Virginia Beach–based The Ascent Group and its affiliated companies (Summit Group and Walsh & Nicholson Financial Group). The deal adds approximately $1.5 billion in RIA assets and $1.3 billion in retirement plan assets to Alera’s wealth and retirement plan services divisions and brings about 42 employees (including 15 advisors) into Alera’s platform.

Alera Group Acquires Alper Services LLC

August 11, 2020

Insurance

Alera Group acquired Alper Services LLC effective August 1, 2020, expanding Alera's presence in Chicago and the Midwest. Alper Services — a Chicago-area insurance broker focused on property & casualty, trade credit, employee benefits and claims services — will join Alera through GCG Financial and continue serving clients in their existing roles; terms were not disclosed.

Alera Group Wealth Services Acquires Wharton Business Group

June 8, 2022

Financial Services

Alera Group Wealth Services, a division of Alera Group, has acquired Wharton Business Group, an employee-owned Pennsylvania wealth services firm that manages more than $3.5 billion in assets. The deal expands Alera's wealth management AUM and Pennsylvania presence; financial and legal advisors to Wharton Business Group were DeVoe & Company and Alston & Bird, respectively. Terms were not disclosed.

Alera Group Acquires AMCORP, Inc.

December 31, 2019

Financial Services

Alera Group acquired AMCORP, Inc., a San Antonio-based benefits consulting and financial planning firm, effective December 31, 2019. The deal expands Alera Group's presence in Texas and brings AMCORP's team and local client relationships into Alera's national platform; terms were not disclosed.