Tim Finnell
Managing Partner at GROUP BENEFITS LLC, an Alera Group Company- Claim this Profile
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Bio
Experience
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GROUP BENEFITS LLC, an Alera Group Company
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United States
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Insurance
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1 - 100 Employee
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Managing Partner
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2017 - Present
Greater Memphis Area In 2017, Group Benefits LLC merged with Alera Group, the nation’s 14th largest independent insurance agency and the 7th largest privately held benefits firm. This partnership provides us access to enhanced resources, technical expertise and best practices of a larger national firm, while maintaining the personal local service employers need. We’ve assembled an innovative team of experts to create customized, results-driven strategies for businesses. Employers are increasingly faced with rising… Show more In 2017, Group Benefits LLC merged with Alera Group, the nation’s 14th largest independent insurance agency and the 7th largest privately held benefits firm. This partnership provides us access to enhanced resources, technical expertise and best practices of a larger national firm, while maintaining the personal local service employers need. We’ve assembled an innovative team of experts to create customized, results-driven strategies for businesses. Employers are increasingly faced with rising benefit costs, administrative burdens and compliance liabilities. We have designed our firm to address the specific needs and goals of each company, and through our knowledge and vast resources we create winning solutions for our clients and their employees. Why work with Alera Group? Because we provide the best of both worlds – national scope combined with local service. Our mission is to transform the client experience by providing a greater depth and breadth of resources, innovative thinking and constant collaboration, while maintaining strong local relationships.
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Managing Partner
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2008 - 2017
Since founding Group Benefits LLC in 2008, Tim’s business has grown by double digits primarily through professional referrals, as attorneys and CPAs can recommend him with confidence. Respected by his peers, Tim is known in Memphis for his straightforward approach to business and his integrity, i.e., he will never pursue profit at a client’s expense. He credits his father, Michael J. Finnell, a successful insurance professional, for teaching him that success comes from honestly, a strong work… Show more Since founding Group Benefits LLC in 2008, Tim’s business has grown by double digits primarily through professional referrals, as attorneys and CPAs can recommend him with confidence. Respected by his peers, Tim is known in Memphis for his straightforward approach to business and his integrity, i.e., he will never pursue profit at a client’s expense. He credits his father, Michael J. Finnell, a successful insurance professional, for teaching him that success comes from honestly, a strong work ethic, and sincerely caring for clients. Tim has written or been quoted on ACA in The Commercial Appeal, The Wall Street Journal, CNNMoney.com, Memphis Daily News, The Tennessean, the Memphis Business Journal, Entrepreneur and Inc. The Memphis Business Journal selected him as an Executive of the Year finalist in its 2013 Small Business Awards. Tim believes that healthcare reform has created a tsunami in the healthcare system, and employers and providers are in an uncomfortable state of flux. Tim has immersed himself in the new law and regulations so that he can guide clients through this storm, and continue to protect them in a time of rapid change. To further serve his clients’ needs, Tim’s firm has forged an alliance with Alera Group, which gives Group Benefits LLC and its clients access to compliance, legal, and benefits specialists; top-notch educational materials to share with clients; and effective employee communications tools. As an independent broker, Tim offers clients a wide choice of insurance carriers, as well as different benefit and payroll systems that can make ACA compliance easier. He recommends products without any inherent interest or bias. Doing what is best for the client is his only objective. To find out how much you could benefit from working with Tim, invite him to conduct an audit of your current benefits package by calling 901.259.7999. For regular insights and news, sign up to receive Group Benefits LLC’s monthly update.
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Employee benefits and insurance advisor
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1978 - 2008
Tim chose to specialize in insurance because of his desire to guide businesses to make the right choices. He realized that employers had a chance to distinguish themselves as "employers of choice" rather than "employers of last resort" by offering well-designed employee benefits. He was aware of the challenges business faced as benefits costs -- especially healthcare costs -- rose sharply through the 1980s, 1990s, and 2000s. He took it upon himself to research practical and cost-effective… Show more Tim chose to specialize in insurance because of his desire to guide businesses to make the right choices. He realized that employers had a chance to distinguish themselves as "employers of choice" rather than "employers of last resort" by offering well-designed employee benefits. He was aware of the challenges business faced as benefits costs -- especially healthcare costs -- rose sharply through the 1980s, 1990s, and 2000s. He took it upon himself to research practical and cost-effective solutions for businesses. He attracted many loyal clients that he still serves today, and also won admiration among his peers for his professionalism, expertise, and dedication. Show less
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Education
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Christian Brothers High School Memphis
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The University of Memphis
Bachelor of Science, Business Administration