Alera acquisition adds $1.5 billion in assets under management,

DEERFIELD - Alera Group Wealth Services, a division of Alera Group, said it has acquired Johnson Brunetti, a retirement and investment specialist based in Connecticut with eight offices in the Northeast and one in Atlanta.

Financial terms of the transaction were not disclosed.

Johnson Brunetti manages approximately $1.5 billion in client assets. The firm also oversees another $1.5 billion of annuity and insurance assets.

Deerfield-based Alera Group Wealth Services is a top independent, national insurance and wealth services firm.

"Our education-based model has helped us serve thousands of clients, and now as part of Alera Group Wealth Services, we anticipate reaching many more, both in our current footprint and elsewhere," said Joel Johnson, managing partner of Johnson Brunetti.