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December 6, 2023

Alliant Insurance Services acquires Newtown retirement consultant 

PHOTO | CONTRIBUTED Frank J. Colavito

Alliant Insurance Services has acquired Newtown-based FJC & Associates, a retirement plan design and administration firm.

Financial terms of the deal were not disclosed.

Alliant Insurance Services is a California-based insurance and employee benefits company with $3.7 billion in revenue, according to its website.

FJC & Associates, which was founded in 2003, joins Alliant’s employee benefits division under its retirement consulting group. 

John Cunningham, executive vice president of Alliant Retirement Consulting, said the acquisition expands its footprint in the Northeast.

The full existing FJC team joins Alliant under the deal, which was announced Tuesday. FJC will continue to serve clients nationwide from its Newtown offices.

Frank J. Colavito, owner of FJC, said the deal is expected to provide “scale and capability” to the FJC team, allowing it to grow.

“(Alliant’s) internal resources are the main attraction because they give our clients and advisors more technical expertise,” Colavito said.

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