Sovereign Benefits Consulting Acquires McKonly Benefits, McKonly & Asbury LLP’s Benefits Consulting And Health Insurance Brokerage Group
HARRISBURG, PA – McKonly & Asbury LLP announces today the acquisition of its affiliate company, McKonly Benefits LLC, by Sovereign Benefits Consulting (SBC) - a division of Sovereign Bank.
Formed in 2007, McKonly Benefits provides employee benefits consulting and brokerage services to clients focused on health care plan brokerage, employee benefits compliance, and consulting services.
The company, headed by Employee Benefits consultant Ali M. Carney, will become part of Sovereign Benefits Consulting. Ms. Carney will re-join the SBC team where she was prior to the formation of McKonly Benefits. Clients of McKonly Benefits will be served by SBC.
“We established McKonly Benefits with an eye toward providing additional services to our existing clients, and we believe that the approach has been successful and well received by the market. We know that the clients that Ali served at McKonly Benefits will be well served, by the same leader, through this acquisition by Sovereign, while at the same time allowing us to focus on the continued growth of our other key segments,” said Terry Harris, Managing Partner of McKonly & Asbury. “We know Sovereign is making a great investment in serving our mutual clients and adding a true professional to their team.”
“I’m very excited to be re-joining the Sovereign Team. We have built a unique approach to serving our clients at McKonly Benefits and I am looking forward to continuing that with Sovereign,” said Ali Carney.
“Ali is such a well-qualified, excellent consultant, it made perfect sense to bring her back on our team and to find a way to continue to serve the clients of McKonly Benefits at the high level they’ve been served for the past year. We’re excited about this acquisition, and think it strengthens our leadership position in the benefits consulting industry,” said Larry Cooney, President of Sovereign Benefits Consulting.
About McKonly Benefits LLC McKonly Benefits LLC is an affiliate of McKonly & Asbury, providing health care plan brokerage and employee benefits consulting to companies of all sizes. The company specializes in health care plan selection, benefits compliance benchmarking and consulting, employee communication on benefits matters, and personalized service to identify and maximize value.
For more information, please visit McKonly Benefits at www.mckonlybenefits.com.
About McKonly & Asbury LLP McKonly & Asbury LLP is a leading regional accounting and consulting firm with over 100 employees, 40 CPAs, and specialized professionals including CISA's, CIA's, and other certifications. The firm has offices in Camp Hill, PA; Lancaster, PA; the Lehigh Valley; Baltimore Metro; and now the Suburban Philadelphia areas. McKonly & Asbury is ranked by the Central Penn Business Journal as the 2nd largest accounting firm in Central Pennsylvania and named an All-Star by Inside Public Accounting in 2006 and 2007, ranking McKonly & Asbury as one of the ten fastest growing accounting firms in the nation for 2006, and as an industry leader in management metrics for 2007.
For five years running, McKonly & Asbury has been named a Best Place to Work in PA by The Best Companies Group –the only CPA firm in Pennsylvania to be so honored.
McKonly & Asbury provides audit, tax and consulting services to many of the region's largest and most well-known companies and organizations. The firm also has two affiliated companies: Anchor Financial Group provides investment advisory services for individuals and qualified retirement plans. Financial Outsourcing Solutions is a provider of outsourced internal audit services to the banking industry. McKonly & Asbury is an independent member of IGAF Worldwide. For more information, please visit McKonly & Asbury at www.macpas.com.
About Sovereign Benefits Consulting
Sovereign Benefits Consulting provides innovative benefit solutions for employers through effective, responsive consulting services. Since 1994, its benefits professionals have provided the vision, experience, and guidance necessary to help businesses develop innovative solutions for complex deferred compensation, retirement plans, and employee benefits issues. Sovereign Bancorp, Inc., the parent company of SBC, is a financial institution with principal markets in the Northeast United States. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management, and insurance.
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For more information please contact Jim Rodgers at 717.761.7910 or by email at jrodgers@macpas.com .
