Retirement Industry People Moves

USI Insurance acquires Benefit Controls of the Carolinas, and investment consultant LCG Associates expands footprint.

USI Insurance Services has acquired the employee benefits business of Benefit Controls of the Carolinas Inc., its first North Carolina acquisition. An employee benefits consulting firm, Benefit Controls of the Carolinas designs and manages employee benefits and wellness solutions, and provides human resources (HR) consulting for companies of all sizes.

The employee benefits unit and its employees will remain in Benefit Controls of the Carolinas’ Charlotte, North Carolina, location. Terms of the transaction were not disclosed.

W. Scott Gantt, president of Benefit Controls of the Carolinas, says the firm’s clients will benefit from USI’s national market leverage and expanded suite of products and services, while still enjoying high-touch, specialized customer care.

James W. Dunn, regional CEO for the USI Southeast region, cites Benefit Controls of the Carolinas for the exceptional quality of its employee benefits, professional advice and guidance, and its customer service.

NEXT: LCG Associates expands footprint with Seattle location.

 LCG Associates Inc. has opened a new office in Seattle, which will serve as LCG’s West Coast hub. David R. Emerson, senior vice president and principal, will lead the expansion.

Emerson, who has nearly 20 years of investment experience, has been with LCG for 12 years. His responsibilities include lead client relationships with endowments, foundations, family offices and utilities. Emerson conducts capital market and asset class research as well as investment manager due diligence. He is a member of the risk management and investment committees. Emerson leads the teams focused on environment, social and governance (ESG) and socially responsible investing (SRI), as well as nuclear decommissioning trusts.

“We are thrilled about being a member of the Seattle community and to have Dave leading our expansion. We have worked with clients on the West Coast for over 30 years,” says Edward Johnson, president and CEO, adding that the Seattle location will meet the needs of current and future clients.

Emerson holds a bachelor’s degree in political science from the University of Michigan and a master’s degree in business administration in finance from the Smith School of Business at the University of Maryland.

LCG Associates is a national, employee-owned institutional investment consulting firm.