In a sea of market generalists, PremierSource stands out as the single-source solution to a multitude of proven specialists for all your employee benefits, risk management and business consulting needs. By expertly bringing together the intellectual capital and negotiating power of nationally established specialists to focus on your specific needs, we can effectively provide you with the market data and customized information you need to make fully-informed financial decisions resulting in enhanced cost management strategy and reduced risk exposure.
As a market leader in business consulting, PremierSource has performed the market research and due diligence on multiple benefit and risk management consulting specialists and providers locally, regionally and nationally, to identify the “best in class” for each discipline and sub-discipline we represent. PremierSource partners with only leading firms and the top specialists from within those firms for each area of expertise represented by our business model. Within the PremierSource model, these firms and specialists are held accountable to staying within their core competencies and consistent performance levels that exceed industry standards.
Our broad business units include health and welfare programs and strategies, group retirement programs and strategies, comprehensive risk management, human resources, and general business consulting.
Our unique business model is jointly owned and managed by our executive officers and the shareholders of McAfee & Taft, one of the region’s most prominent business and employee benefits law firms. Given this innate structure of accountability to unwavering regulatory compliance and professionalism, PremierSource and its affiliates are held to the highest of standards of quality control and due diligence by its board of directors.
The Methodology Behind Our Mission
Since the repeal of the Glass-Steagal Act in 1999, the financial services industry has become increasingly competitive. Barriers that once kept financial disciplines separate were dissolved to create an environment where banks can now offer insurance, insurance brokers can become financial advisors, and so on.
While competition is by and large a good thing, this burst of activity, coupled with the ever-changing regulatory environment, contributed greatly to the chaos and confusion that has now become the financial services industry. During this timeframe, our attorney partners reported seeing an enormous increase in benefits litigation. Following extensive research and evaluation of numerous case studies, they concluded that the vast majority of litigation stemmed from too many experts venturing too far outside of their core competencies.
Early on, it became all too apparent that given the increasing competition among financial services generalists (with high-impact marketing strategies) and the excessive overload of market information, employers were in great need of a referee to sort through the rhetoric and determine who the right specialists were for all the varying disciplines. As one prominent ERISA attorney noted, “Too many employers were hiring the electrician to wire the house and then expecting the same electrician to also handle the plumbing and drywall with the same degree of accuracy he handled the wiring.”
Furthermore, even among the largest national consulting and brokerage firms, it was determined that because of internal profit and revenue reporting center structures, employers were not always accessing the right experts within those firms for any specialized discipline; rather, they were accessing only the first experts they met within a given organization.
PremierSource was founded in 2000 in response to employer cries for a single-source solution that would deliver proven expertise and professionalism in all areas of employee benefits, risk management and business consulting.
In a sea of market generalists, PremierSource stands out as the "go to" firm effectively combining the continuity of a single-source solution that maintains local accountability and control, with the intellectual capital of hundreds of nationally-proven, “best in class” specialists in all areas of benefits, risk management and general business consulting.
Our Mission
The mission of PremierSource is to perform comprehensive market research and due diligence in the benefits, risk management and business consulting industries, turning market data into meaningful information to help employers make fully-informed financial decisions resulting in enhanced cost management strategy and reduced risk exposure.
Our Approach
Our approach always starts with the expressed wishes of the client. We meet the client where they are at and customize the teams of specialists and strategies exclusively around the specific needs and priorities expressed by the client. We have no products to sell; rather, we are in the business of listening – then delivering customized ideas, market intelligence and information to help employers meet the financial goals and objectives of their programs.
Our Continued Commitment
PremierSource has developed a rigorous process of continued regulatory and compliance oversight and maintains the highest standards of research and due diligence on all of the consultants, carriers, products and services it recommends. From daily oversight of consulting teams and continued legal support of experienced ERISA attorneys to quarterly due diligence reviews, PremierSource plays an active role in the compliance, operations and quality control of its client accounts. PremierSource clients benefit from this concentrated pool of intellectual capital, sophisticated local support, and national resources for the same or less expense than you would find in a traditional stand-alone advisor or broker-consultant.
At PremierSource, we believe your hard-earned dollars spent on employee benefits are an investment to be honored, not merely an expense. When you invest in PremierSource as your advisor or broker-consultant, you are assured of receiving significant value in return for your investment.