United Benefit Advisors News and Press Releases

The Wilson Agency and Albers & Company Complete Merger, Announce Leadership Transition

Posted by: Bill Olson    December 15, 2015 at 10:56 AM

Anchorage – November 30, 2015 – Lon Wilson, President and Chief Executive of The Wilson Agency, succeeded Donna Albers as President of Tacoma, Washington-based Albers & Company at the end of November. The changes are part of the long-planned merger, completed last August, of the two growing independent regional benefits, human resource and financial service companies. Lon Wilson and Albers & Company founder Steve Albers envisioned the merger before Steve passed away in 2012.

Jennifer Bundy-Cobb, a 20-year veteran of The Wilson Agency becomes Director of Health & Welfare Services and a principal in the merged organization. She will integrate day-to-day management of Albers & Company’s H&W Division into her responsibilities. Wilson and Bundy-Cobb have offices in both Anchorage and Tacoma.

Steve Albers’ wife, Donna Albers, and his brother Jeff continued the merger planning after Steve’s passing with the goal of giving Albers’ employees additional growth opportunities and the clients continued service from the best people possible. Donna Albers will continue her support of her local Tacoma community organizations and remain invested in the company’s ongoing success. Jeff Albers will carry on the 30-year Albers legacy and will continue to head up the merged firm’s retirement and financial services division.

Wilson explains, “The Albers had been talking with me about this opportunity for some time before Steve’s passing. Donna, Jeff and I were able to make it all happen in August.” For Albers & Company there are many benefits. “For clients, one example is ConnectHR, the Human Resources Services division formed by The Wilson Agency that provides employer HR departments strategic and administrative outsourcing opportunities. Albers’ Tacoma clients now have access to ConnectHR, which can provide tailored solutions ranging from complete to supplemental HR services.” For employees, there are more career opportunities, and a larger network of team members as resources to work with. Wilson continues, “Both The Wilson Agency and Albers & Company remain local and independent, which means we can continue to be personally engaged with the local community, while our increased size gives us more clout in the marketplace as we negotiate on behalf of our clients with carriers and vendors.”

Wilson explains, “The Wilson Agency was founded by my father 51 years ago and has grown to be Alaska’s largest independent employee benefits, human resource and financial service firm. The merger that the Albers and I envisioned years ago increases employee opportunities, gives us strength with the provider and carrier market due to our combined size, and allows us to increase our capital investment in new technology and services.”

Jennifer Cobb-Bundy, says, “I am enjoying working with Albers’ clients and continuing the high level of service and accountability they have come to expect. And this merger enables us to enhance our employees’ career paths, teamwork opportunities, benefits, tools and products.”

Financial services, such as retirement plans and executive financial planning, have been a growing area for both firms. Jeff Albers says that “Employers know and understand that well-designed and managed retirement plans are important in retaining good employees and helping executives look forward to a comfortable, rewarding retirement. And being local and independent gives the Wilson and Albers firms an advantage in the Alaska and Washington markets we serve.”

The Wilson Agency, headquartered in Anchorage, Alaska, and Albers & Company, headquartered in Tacoma, Washington, are parts of a family of companies that also includes ConnectHR. The companies provide clients complete solutions through their Health & Welfare, Retirement and HR Advisory Services.

The firms are owner-members of United Benefit Advisors (UBA), a unique national organization that brings together the expertise, products, and services of many of the country’s most successful and respected independent employee benefits firm with more than 2,200 experienced benefits professionals located in more than 200 offices throughout the United States, Canada and the United Kingdom. Fellow UBA members provide benefits consulting and brokerage services and best-in-class products to 36,000 private corporations and public employers. UBA helps clients manage $16.5 billion annually in employee benefit expenditures on behalf of more than five million employees and their families.

For more information, visit www.thewilsonagency.com, www.alberscompany.com, and www.ubabenefits.com.

Topics: The Wilson Agency, UBA Partner Firms, Albers & Company, merger