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  Why Firms Join | Sharing Wisdom | Accessing Strategies | Attaining Efficiency | Tapping Expertise

Why Firms Join Benefit Advisors Network

The Smart Partners™ of Benefit Advisors Network are the “best of the best” from throughout the United States. They enjoy a unique peerage of high caliber expertise among the most highly qualified benefit specialists in the industry. 

While retaining their operation structures, and autonomy of ownership, our members enjoy collective resource sharing, and world class services and solutions that are usually available only through national brokerage firms.  The economies of scale afford our members with tools, resources, peer expertise and solutions in a manner that is affordable and cost effective.  One member recently said, “It is like going into the office of your most capable competitor and having them share their most valuable secrets.”

Service Partners in our industry recognize our members and consider our firms as the “best of the best” in the benefits industry, and are most eager to partner with us.  Our member committees review service partners for services, pricing and member needs.  Together we negotiate preferred pricing arrangements and special service considerations.

Because Benefit Advisors Network is recognized as a premiere national organization, members enjoy clout with carriers.  We have special arrangements with the national broker liaison offices of several carriers.  Our focus is to provide our members with a higher level of service, plan design concessions and direct access to underwriters.  In addition, several carriers allow us to aggregate our compensation basis so our members achieve the highest level on the compensation or override scale.

Hales & Company 2006 benchmarking survey ranked BAN members significantly higher and/or in the top quartile of their national peer group...

  • Revenue per employee was 65% higher than their peer group
  • 48% better than top quartile performers within the industry
  • Achieved lower operating expenses, and enjoyed higher profitability
  • Producer productivity was 14% higher than top quartile performers
  • Producers manage an average book 22% higher than top quartile performers
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