Founded in 1998, BFS Group became the leading provider of bank employee benefit plans and Bank Owned Life Insurance (BOLI) in the Northeast after expanding in 2003 by contracting with producers in 12 regional sales offices around the nation. BFS Group furthered commitment to clients by developing a proprietary servicing platform (MINTS) and integrating strategic succession plans. Due to those efforts, we are proudly able to provide a secure and stable long-term support platform. With over 500 clients and $7 billion in assets under management, BFS Group is one of the industry's premier benefits and BOLI firms.
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Meyer-Chatfield Group was founded in 1992, and expanded to approximately 250 clients throughout the United States with $4 billion of assets under management. Meyer-Chatfield grew, developing a proprietary Supplemental Executive Retirement Plan (SERP) strategy known as Lifetime Income Non-Qualified Solution (LINQS+).
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Compensation Advisors, a member of Meyer-Chatfield Group, is a leading compensation consulting firm offering over 20 years of experience designing compensation strategies specifically for financial institutions. By focusing on a limited number of engagements, MCCA is able to develop the most thorough understanding of clients' objectives and properly inform directors, executives and shareholders about efficient and effective compensation solutions that addresses their unique needs.
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Meyer Chatfield Credit Union Division offers life insurance strategies as an alternative asset for financial institutions to fund employee benefit costs. Today, credit unions are finding that the yields from life insurance are greater than what their traditional assets can provide and are purchasing Bank Owned Life Insurance (BOLI) for their Credit Unions.
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BFS-MC Group is a third party administration and service provider.
Products offered to institutional clients are sold through non-affiliated, independent sales organizations.