MJ Insurance Acquires ProCourse Fiduciary Advisors

(photo courtesy of MJ Insurance)

Carmel-based MJ Insurance, a risk management and employee benefits agency, has acquired ProCourse Fiduciary Advisors, also in Carmel. The agency says the partnership enables the firms to offer a holistic approach and include retirement plan advisory services.

“We believe the marketplace will begin moving away from a siloed approach toward employee benefits, retirement and compensation management and will evolve to an integrated total rewards philosophy,” stated Andy Vetor, executive vice president of MJ Insurance. “The merging of our firms allows us to uniquely address total rewards consulting via an integrated approach to data analytics that to this point has not been effectively introduced to employers and their associates.”

ProCourse specializes in managing retirement plans and financial wellbeing programs. ProCourse founder and Chief Executive Officer Doug Prince will continue to serve as CEO of ProCourse with the full team of 13 remaining in the Carmel location.

“The synergies and cultures of our two firms is what makes this partnership so ideal,” said Prince. “Our combined goal is to make a difference in people’s lives—not solely from a retirement planning, benefits and financial wellness standpoint—but addressing total wellness. This move will allow us to take the shared client experience to the next level.”

Financial terms of the deal were not disclosed.