WFG Capital Advisors Announces New Strategic Alliance with Benefit Advisors Network

HARRISBURG, Penn. – (BUSINESS WIRE) September 19, 2006 - Benefit Advisors Network (BAN), a national consortium of premier group benefit broker and consulting firms, launched their new proprietary broker website, client newsletter, and national client benchmarking tool, and announced a strategic alliance with WFG Capital Advisors at their semi-annual educational conference recently in Chicago.

WFG Capital Advisors, based in Harrisburg Pennsylvania, is a leading investment banking and financial advisory firm exclusively serving the insurance industry. Among their core offerings are mergers & acquisitions, organizational & compensation structure evaluations, strategic planning, corporate valuations and financial consulting services.

In a recent industry survey, comparing BAN members with peers, WFG observed that productivity per producer is two times higher than their peer group, 14% higher than top quartile performers; and that they manage an average book of business 22% higher than top quartile firms. According to Rob Lieblein, President WFG, “having observed the interaction among member firms and their willingness to help each other I am convinced that BAN membership provides a competitive advantage. We are looking forward to this relationship”.  According to Kathy Newton, Executive Director of BAN, “our whole reason for existing is to help our members increase their growth and profitability. WFG services directly contribute to that goal and we are excited about this opportunity”.

“In the thirty plus years I have specialized in Employee Benefits, I have been a member of numerous organizations of different types.  I have attended many conferences, seminars and meetings. Frankly in coming to this meeting I was hopeful that we would find a few things of use and a few people of interest. I couldn’t have been more pleasantly surprised.  From the beginning of the first presentation, and with each new member I met, I became more and more impressed and excited.  I came away with the understanding that BAN is made up of genuine, knowledgeable, motivated, dedicated, successful leaders in the Employee Benefits industry.  I was interested by the broad range of business size and client profiles represented” said Larry Lee III, President of Plan Analysts, a new member headquartered in Jacksonville Florida.   

For more information on BAN or any members please refer their website at www.benefitadvisorsnetwork.com or email Kathy@benefitadvisorsnetwork.com.

Media Contacts:

Robert J. Lieblein, President & CEO
Tel: 717-780-7801 / rlieblein@wfgca.com

or

Kathy Newton, Executive Director, BAN
Tel: 508.755.5709

www.wfgca.com