Risk Strategies Adds to National Employee Benefits Practice with Acquisition of Arkin Youngentob Associates
The move adds expertise in alternate funding structures, executive benefit and advanced retirement plan design while growing Mid-Atlantic footprint
BOSTON, MA — Risk Strategies, a privately held insurance brokerage and risk management firm, announced the acquisition of Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Maryland. Terms of the deal were not disclosed.
Founded in 1981, Arkin Youngentob has earned an industry reputation for its expertise in creative design and alternate funding structures for benefit plans. Its focus industries include real estate services, construction firms, technology companies and government contractors, as well as associations and non-profit organizations.
“The dysfunction and expense of today’s healthcare environment is creating real opportunity for expert firms who can show clients better ways to provide competitive benefits while controlling costs,” said John Greenbaum, Risk Strategies’ employee benefits practice leader. “Arkin Youngentob’s expertise in alternative funding structures and their willingness to disrupt the status quo makes them a perfect fit for our practice and the way we’re providing value to our clients.”
Arkin Youngentob’s approach to benefit program design has resulted in its clients seeing their plan costs remain flat or only nominally increasing while the rise in healthcare inflation has approached double digits.
“We’ve built our business by bringing focused expertise to bear on hard problems,” said Stuart Youngentob, managing principal, Arkin Youngentob. “Joining Risk Strategies ensures that our people can maintain and build on their specialization while our clients benefit from increased access to specialty resources and expertise.”