Deerfield's Alera Group buys California firm

Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm based in Deerfield, has acquired California-based firm Tippett Moorhead & Haden.

Terms of the transaction were not announced.

Tippett Moorhead & Haden is a life insurance planning firm located in Costa Mesa, California, that has been serving individuals and businesses for over 40 years. TMH is guided by their five core values: enthusiasm, energy, integrity, professionalism and responsiveness. Their industry knowledge allows them to create customized financial solutions while providing personal attention to each client.

"Tippett Moorhead & Haden's expertise in executive benefits and high net worth life insurance strategies are a wonderful compliment to Alera Group's existing capabilities," said Alan Levitz, CEO of Alera Group. "We are thrilled to welcome this outstanding firm to Alera Group as their core values align extremely well with Alera Group's culture."

"As an Alera Group company, we are now able to meet our clients growing needs with the breadth and depth of the tools, industry-leading products and services that Alera Group brings to the table. Our goal is to always help our clients create pathways to successful outcomes," said Don Tippett, Managing Partner of Tippett Moorhead & Haden. "We look forward to joining the collaborative culture of Alera Group, sharing expertise with firms across the country."

Alera Group was formed in early 2017 and has more than 900 employees. The company was created by merging 24 high-performing, entrepreneurial firms across the U.S.