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Products January 27, 2009
Bostonian Group Takes Stake in Benefits Provider for Small Plans
January 27, 2009 (PLANSPONSOR.com) - The Bostonian
Group, a Boston-based employee benefits firm, has acquired a
minority share of Marketing Associates Financial Services,
Inc. (MAFS), according to an announcement.
Reported by Fred Schneyer
A news release said MAFS will operate as a separate division specializing in benefits and services for smaller, high-growth companies and will operate as a new division, Bostonian Solutions, from Bostonian Group’s current headquarters. Chris DeLorey, MAFS’s principal owner, leads the new unit, according to the announcement.
Bostonian Solutions will offer a software platform that the announcement claimed streamlines benefits management and enables smaller companies to access the same efficiencies and economies of scale employed by larger businesses.
“We’re fortunate to have this opportunity to dramatically enhance our ability to serve smaller, rapidly growing companies, add more depth in key vertical markets and give our existing clients access to a proven software platform for more efficiently managing benefits,” said Jim Blue, chairman and CEO of The Bostonian Group, in the announcement.