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Ronald J. Leston, broker, financial planner and benefits/retirement consultant, announced the launch of Areté Partners LLC, a Denver-based management and human capital consultancy that will offer insurance brokerage, benefits consulting, financial services to clients in North, Central and South America.

Areté Partners brings together the resources, services and capabilities of three separate organizations. It is the merger of Denver-based Areté Human Capital Consulting, Diversified Insurance Services of Castle Rock, Colo., and WSF Financial Services of Chicago. According to Leston, Arete’s CEO, the company will be based in Denver, have an office in Chicago, and has plans to open an offices in Los Angeles and Mexico City in fall 2008.

Areté will work with organizations of all sizes, and industries, both private and publically traded, and offer the following services:

•Risk services – Insurance: commercial insurance policies from a large selection of insurance providers including commercial property insurance, general liability, umbrella excess liability, commercial auto, workers’ compensation, employment practices liability, directors and officers’ liability, errors and omissions liability, international policies, business travel accident, business continuity plans and risk management services.

•Employee benefits brokerage and consulting, actuarial services, work site health care, pharmacy benefit consulting and audits, health management and wellness solutions, regulatory compliance, benefits administration, employee education and enrollment services, data analytics, organizational communication, association plans, purchasing cooperatives and voluntary benefits.

•Retirement plan consulting and administration, from operating a retirement plan effectively to maximizing participation and meeting ERISA responsibilities. The company will offer administration and compliance services, consulting and plan design, employee education and communication, access to investment options, tools for ERISA fiduciaries

•Global benefit solutions, including assistance with coverage’s and mandates from more than 30 countries, with an emphasis on Canada, México, Central and South America. Global benefits consultants will provide international employee benefits consulting and brokerage services for expatriate employee medical insurance plans, third-country national (TCN) medical insurance plans, global business travel accident insurance, and international group life and disability insurance.

•Auditing Services to ensure clients’ medical management and claims administrator and pharmacy benefit managers are effectively managing their health care costs. Audit services include medical management, medical, dental and large claim, prescription, eligibility, and hospital bill. The company will work directly with providers to increase the recovery of payments for claims that a third-party has reimbursed

•Financial services to high net worth individuals that will formulate strategies around issues and concerns, including cash flow and budgeting, estate planning, retirement planning, investment analysis and strategies, and risk management and insurance.

The word areté as two meanings, as an English noun it refers to sharp, rugged glacially carved ridgeline leading to a mountain summit. In ancient Greece, areté was the word for the aggregate qualities of superiority, integrity, effectiveness and valor – “reaching your highest potential.”

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Source: Arete