August 18, 2011 (Indianapolis) – Nyhart, one of the nation’s largest independent actuarial and employee benefits consulting firms, announced today the launch of a new strategic partnership with GAMA Consultores Associados, one of Brazil’s largest pension and retirement consulting firms. The alliance gives both firms an expanded expertise and technology that meets a growing demand from their international client-base.
“Companies around the U.S. understand the growth potential of South America and many have invested greatly in expanding their operations to Brazil and other high-growth countries” said Tom Totten, actuary and CEO. “Our partnership with GAMA will enable us to help our existing clients manage their retirement benefit strategies with their Brazilian operations and give us further expertise to gain business with businesses who need international expertise.”
GAMA selected Nyhart after an extensive search of actuarial and employee benefits firms throughout the United States. “We’ve found Nyhart has great similarities to the way that we do business,” said Guilherme Brum Gazzoni, a principal at the firm visiting Nyhart’s headquarters in Indianapolis today. “We wanted a partner who offers an upfront, honest approach on the services offered to clients and who has both a solid foundation of expertise and a progressive outlook on client-oriented service and innovative products.”
The partnership will:
This international partnership continues Nyhart on its successful growth over the past 12 months including acquisitions in Atlanta and Kansas City. Financial terms of the partnership were not disclosed.
Nyhart is one of the nation’s largest actuarial and employee benefits consulting firm, operating since 1943. Nyhart is composed of actuaries, consultants, attorneys, accountants, and administrators focusing in pension and retirement fund analysis, retirement benefits consulting and administration of employee benefits for private and public companies around the United States. With locations in Atlanta, Chicago, Kansas City and headquartered in Indianapolis, Nyhart has more than 1,000 clients in 48 states in both the public and private sector. Nyhart consults to retirement clients with more than $14 billion in plan assets.