Segal Marco Advisors Acquires Milliman’s San Francisco Investment Consulting Practice

NEW YORK–(BUSINESS WIRE)–Segal Advisors, Inc. d/b/a Segal Marco Advisors, one of the largest U.S.-based investment consultancies, has acquired Milliman Inc.’s San Francisco Investment Consulting Practice. This is Segal Marco’s third acquisition and enables the firm to continue to enhance client services.

“In acquiring the Milliman San Francisco investing consulting team we have expanded Segal Marco Advisors’ research and consulting capabilities,” said John DeMairo, President and CEO of Segal Marco Advisors. “We are excited to strengthen our commitment to delivering trusted advice to help clients achieve their investment objectives.”

The purchase builds on the more than $600 billion assets under advisement, increases Segal Marco’s footprint in the public sector and adds additional endowments and foundations to its client roster as the firm continues to grow across various lines of business.

Following the divestiture, Milliman will continue to provide investment consulting services out of its Dallas and Albany offices, with a continued emphasis on corporate retirement plans.

About Segal Marco Advisors

Segal Marco Advisors, a member of the Segal family of companies, delivers trusted advice that improves lives. Segal Marco delivers innovative, client-driven investment consulting advice, outsourcing solutions, proxy voting and corporate governance services. Clients include joint boards of trustees administering benefit plans under the Taft-Hartley Act, state and local governments, corporations, non-profit organizations, endowments and foundations. The firm works with Canadian clients through Segal Marco Advisors Canada.

Contacts

For media interviews about this news, contact: Amira Rubin at 212.251.5322.

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