Clark Consulting Purchases Stratford Advisory Group
BARRINGTON, IL, October 4, 2005 -- Clark Consulting, Inc. (NYSE: CLK - News), a leading public executive compensation and benefits firm, today announced the purchase of Stratford Advisory Group, Inc. an institutional investment consulting firm located in Chicago, IL. The consultants and staff of Stratford will become part of Clark's Investment Consulting Group, which will advise clients with more than $24 billion in assets in the areas of investment policy and strategy, asset/liability analysis, manager search, performance analysis and investment communication.
"We are very excited about this acquisition of Stratford Advisory Group," said Tom Wamberg, CEO of Clark Consulting. "It is another example of our commitment to the Investment Consulting business, which was strengthened by new leadership this year." Wamberg continued, "Bringing Stratford into the fold also increases the fee-based revenue in our firm and lends support to our corporate goal of putting clients first."
"Stratford Advisory Group's depth of expertise and excellent reputation for client service will enhance our ability to provide value to our clients," said Ted Disabato, Chief Investment Officer of Clark's Investment Consulting Group. "We have a proven ability to manage complex investment consulting assignments, and adding Stratford's equally strong record of investment research and analysis will allow us to bring our state-of-the-art resources to an even broader range of clients."
"Combining our firm with Clark Consulting will provide a number of benefits to our clients," said Tom Dodd, President of Stratford Advisory Group. "We believe that this is the next logical step in expanding the range of services we can offer our clients."
Disabato added, "An important advantage for all of our clients is that key Stratford consultants will continue in their same roles at Clark." As of this announcement, Mr. Dodd will become the Director of the Chicago Office for Clark's Investment Consulting Group; Ms. Susan N. McDermott will become Director of Research; and, Mr. Jack Wildermuth, Director of Client Service.
About Clark Consulting
Clark Consulting (NYSE: CLK - News) is a leading public executive compensation and benefits consulting firm. Founded in 1967 and now with over 70 offices nationwide, Clark Consulting helps more than 3,800 corporate, healthcare and banking clients to keep their best people. Clark Consulting's compensation consultants specialize in designing innovative programs that attract, retain, motivate and reward executives, employees and Directors. The company's benefits consultants provide leading edge advice on the design, financing and plan administration of benefits programs. For additional information, please visit http://www.clarkconsulting.com.
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