|By Marketwired .||
|May 7, 2014 01:29 PM EDT||
IRVINE, CA and LOS ANGELES, CA -- (Marketwired) -- 05/07/14 -- Burnham Benefits Insurance Services Inc., one of California's most successful employee benefits brokerage firms, has outgrown its current Los Angeles office space -- originally opened in 2010 -- and is upgrading to a larger location in downtown LA. The new space is more than double the size of Burnham's former location, and indicates the firm's commitment to building its business in the area, where it has identified tremendous growth potential for the company and the community.
"We're excited to have found a location that fits the needs of our growing company," says Burnham Benefits CEO and owner, Kristen Allison. "We believe in the viability of this community and are making a sound investment in its future, and ours, by establishing a larger presence here."
Burnham Benefits plans to hire as many as 10 additional employees for the new, larger LA location throughout 2014. It plans to extend the company's unique business model of specializing exclusively in strategic employee benefits consulting and brokerage services to even more Los Angeles clients. This includes focusing on significant local market segments including the public sector, national clients headquartered in LA and mid-market private sector clients based in the region.
The Los Angeles office expansion is a strategic move that will further Burnham's already successful growth rate. Headquartered in Irvine, Calif., the firm has grown 20 percent year-over-year for the last 10 years, and announced in March that it will be establishing a new office in Sacramento. Burnham has a strong presence throughout California, with a footprint in the San Francisco Bay Area, Los Angeles, Orange County, Santa Barbara and San Luis Obispo.
"With so much going on in the market right now, including new laws and regulations, employers are looking for a partner to stand by their side and walk them through these changes," says Allison. "We're willing to commit the resources needed to help employers understand the changes taking place and how they affect their companies -- also identifying highly customized solutions that work for their businesses."
Burnham's new space is located at 724 S. Spring Street, Suite 1104, Los Angeles, Calif. 90015.
For more information about Burnham Benefits, its products, services and team members, please visit www.BurnhamBenefits.com.
ABOUT BURNHAM BENEFITS INSURANCE SERVICES: Burnham Benefits Insurance Services, Inc. is an independent, full-service employee benefits consulting and brokerage firm headquartered in Irvine, California. The firm is one of the largest in California and one of the few to specialize solely in strategic employee benefits consulting and brokerage services. The privately held group provides client-first health and wellness programs, and through its strategic partnership with Burnham Gibson Financial Group, it also provides retirement planning and wealth management services. Burnham Benefits effectively manages more than $1 billion in premiums for more than 300 clients, while maintaining a more than 98 percent client retention rate and a 20 percent annual growth rate. Because Burnham does not have outside shareholders, it can create customized solutions that fit clients' best interests -- investing in the tools and resources needed to provide the specialized level of service today's challenging climate demands. Its team of more than 70 highly skilled industry professionals include in-house underwriters, compliance officers, healthcare reform consultants, communications specialists and wellness experts. Burnham Benefits' footprint currently spans offices in Orange County, SF Bay Area, Los Angeles, San Luis Obispo and Santa Barbara, Calif. as well as satellites in Oregon and the Washington D.C. metro area. Burnham Benefits holds national recognition as one of Business Insurance's #1 Best Places to Work in Insurance 2013 and Best Place to Work by the Orange County Business Journal three years running. For more information, visit www.BurnhamBenefits.com.
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