The Early Days
Martin E. Segal founded The Segal Company, then known as the Martin E. Segal Company, in October 1939. His sister, Esther, was the company's first employee, serving as telephone operator, secretary, and bookkeeper. In the decades since then, that two-person staff located in a one-room office at 347 Fifth Avenue (opposite the Empire State Building) has grown to become one of the nation's leading firms of benefit, compensation and human resources consultants.
Segal established its first office outside of New York in Chicago in 1954. During the next 20 years, our reputation and expertise increased dramatically. To accommodate the increased demand for our services, we opened additional offices throughout the U.S. and in Canada.
From our very beginning, we have been dedicated to the development of all aspects of employee benefits. This dedication resulted in innovations in every area of the employee benefits field. Many widely accepted benefit practices were first conceived, designed, and introduced by Segal.
Independent and Employee-Owned
In July 1967, the company was sold to what was then known as Wertheim and Company, an investment banking firm. At the time, Martin E. Segal relinquished the position of Chief Executive Officer. In 1978, a group of Segal employees and consultants purchased Segal from Wertheim and Company. Employees are now the sole stockholders, and ownership of the company is vested in those who are actively leading it.
Mr. Segal served as Chairman of Segal's Board of Directors until 1991 when he was named Founder and Chairman Emeritus and the company changed its name to The Segal Company.
Continuing to Grow
Founded in 1969, Segal Advisors, Inc., the Securities & Exchange Commission-registered investment consulting affiliate of The Segal Company, offers independent investment consulting services. An independent survey conducted by Nelsons Publications rated Segal Advisors as one of the top consultants to multiemployer plans.
In 2001, Segal acquired Marjorie Gross and Company, an award-winning firm specializing in communicating benefits and compensation information, as well as building strategies for effective employer communications. The MGC team was fully integrated into Segal and provides employee communications consulting services for all Segal clients.
In 2002, Segal acquired Sibson Consulting. Sibson works with companies to maximize their return on human capital through talent strategies, effective organization practices, change management, rewards and compensation design, work/life programs and other solutions that enhance employee performance.
In 2006, Segal acquired Irwin Tepper Associates, Inc., a consulting firm that specializes in asset/liability analysis for employee benefit programs and other organizations.
In 2010, Segal acquired Aon Consulting’s multiemployer defined benefit plan and related consulting business in the United States. This acquisition included about 60 defined benefit plans in a wide variety of industries located across the country, reflecting our ongoing dedication to multiemployer plans, their labor and management sponsors and to the millions of people covered in these plans.
In 2012, Segal’s investment consulting affiliate, Segal Advisors, acquired Rogerscasey, a global investment consulting firm. The combined entity, Segal Rogerscasey, is leading global investment solutions firm that provides innovative, client-driven consulting advice and outsourcing solutions.