Burlington, MA— Axial Benefits Group's Managing Partner Mick Rodgers - 2017's Advisor of The Year, was recently featured in an Employee Benefit Adviser article titled, "CVS's PBM shined ahead of Aetna deal talk."
Burlington, MA— October 12, 2017 – Axial Benefits Group (ABG), a full-service benefits management company, announced today that it will be integrating BerniePortal into its comprehensive portfolio of benefits services. BerniePortal, at state-of-the-art software platform that combines benefits expertise with modern HR and benefits technology, will provide ABG clients and their employees a user-friendly online platform for managing and monitoring benefits programs.
- Strategic collaboration with QBE North America provides a first-of-its-kind exclusive Medical Stop Loss arrangement for ABG’s healthcare purchasing coalitions (HCP)
- The Staffing Exchange and Alliance Healthcare Coalitions will both now operate as independent entities managed by ABG
- Alliance Healthcare Coalition, an ABG-managed coalition, is now available through a limited adviser network
Burlington, MA— October 9, 2017 – Axial Benefits Group (ABG), a full-service benefits management company, announced today the latest advancement to its healthcare purchasing coalition (HPC) operating model, a first-of-its-kind-exclusive Medical Stop Loss arrangement underwritten by QBE North America. (QBE).
The unique program creates a direct relationship between ABG’s healthcare purchasing coalitions and QBE, one of the leading medical stop-loss insurance carriers worldwide. QBE is a prominent reinsurer of several large group medical stop-loss programs. The experience and knowledge QBE brings to the HPC operating model will lower costs, increase stability, reduce turnaround time on claims, and improve process efficiencies that facilitate employer productivity.
“This is an exciting step forward for the healthcare purchasing coalitions ABG manages,” said Mick Rodgers, principal and managing partner, Axial Benefits Group. “The direct relationship with QBE affords us a tremendous opportunity to eliminate administrative steps, gain meaningful efficiencies and ultimately, provide our clients with an opportunity for even greater returns.”
In 2016, Axial’s HPCs returned $3.2M in surplus assets to coalition members. This form of dividend sharing is made possible through a premium pool that the coalition members create by banding together. By removing additional administrative expenses, it allows for an increased amount of premium put into the pool and creates even greater potential for higher dividends.
“Our primary goal was to fully optimize an already high-performing program by bringing employers, advisers and carriers closer together,” stated Steve Gransbury, President, Accident & Health, QBE. “We used a collaborative process with feedback from leading advisers and their clients to construct a program that shares responsibility, risk and success.”
In addition to the operational and financial benefits, the collaboration also further aligns the HPCs with Axial imperatives, including transparency, fee-for-performance, shared accountability and continuous improvement.
SRS will provide financial reporting, regulatory compliance and program management services for the coalition premium funds and is regarded for its innovative approach and excellent customer service in captive management. “ABG and QBE have created an integrated system that is projected to deliver an unparalleled level of low cost efficiency in the industry,” added Wendy Dine, Senior Account Manager, Strategic Risk Solutions (SRS).
Burlington, Massachusetts –Today, Axial Financial Group (AFG), announced that Robert LoPorto, has been named Wealth Management Consultant in their Burlington, Massachusetts office.
Burlington, MA - Axial Benefits Group, a national employee benefits & group 401k firm based in Massachusetts, announced the hiring of Isabella Rodgers – Account Manager, Employee Benefits. Isabelle originally started as an intern at ABG in 2014 and officially joined their account management team as a full-time employee in June 2017.
Burlington, Massachusetts –Axial Benefits Group (ABG), has recently been named to the Top 25 Largest Employee Benefits Firms in Massachusetts by the Boston Business Journal. This is the third year in a row ABG has been named to the prestigious top 25 list.
Solutions-based products are not yet widely known among investors and even advisors. Out of the 722 broker-dealers, RIAs and mid-sized advisors surveyed by FA-IQ sister publication Ignites Research in March to May last year, 57% said they use the products. Around 29% do not use them, and the rest are uncertain if any of the products they use fall under the category of solutions-based products.
This distinction recognizes the most successful financial advisors based on a ranking of annual production* among Commonwealth’s network of 1,710 financial advisors. Commonwealth is the nation’s largest privately held independent broker/dealer–RIA and the broker/dealer of choice for Axial Financial Group.
Axial Benefits Group (ABG) invites all interested businesses, to participate in its New England Employee Benefits Survey.
Axial Financial Group is proud to announce that Erin Coneeny, CFP®, has earned her CERTIFIED FINANCIAL PLANNER™ certification.