(Valencia, CA – Nov. 2, 2023) LTC Performance Strategies, Inc., a leading total compensation and performance development company, announced it will join IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management. The partnership is effective November 1, 2023.
Over the past 25+ years, LTC has provided its clients with customized and integrated solutions to attract, engage and retain top talent and improve their organization’s performance, profitability and value. Its services include executive compensation, incentive pay, base pay structure, benchmarking, and performance management/development.
“With the addition of LTC’s expertise, we’re able to expand our service offerings to include compensation consulting to drive performance solutions for our clients,” said IMA President Luke Proctor. “Our shared vision and values are a prime example of two companies coming together to support long-term organizational growth.”
In recent years, LTC has experienced remarkable growth, having served more than 1,200 privately owned, publicly traded and non-profit organizations of all sizes, across all major industry segments.
Following the acquisition, LTC’s leadership will join IMA and will incorporate its proprietary total compensation and performance capabilities to provide short and long-term solutions for clients. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, CA.
“Terry and I are thrilled to merge our capabilities with such a highly respected strategic leader like IMA,” said LTC CEO Larry Comp, along with wife and founder Terry Lauter Comp. “LTC has nurtured a longstanding, mutually beneficial relationship with Bolton, an IMA Company, and has formed relationships with many IMA leaders. We’re grateful to become part of an organization with an exemplary culture and robust growth model.”
LTC will complement IMA’s comprehensive range of employee benefits services further supporting its clients. The California-based company thrives at analyzing data, establishing clarity and engaging the culture through competitive compensation and performance solutions.
“LTC has consultants who can fully understand the key connections of compensation and incentives,” said IMA President of Employee Benefits Jacque Roth. “They work masterfully at leading organizations through complex changes by making data simple and accessible.”
IMA and LTC share a commitment to giving back to the communities where they live and work. More than a decade ago, LTC owners Terry and Larry, took the initiative to establish the Santa Clarita Valley Chapter of Family Promise. This nonprofit organization has been continuously aiding homeless children and their families in reclaiming their independence. They also provide ongoing support to global, national, and local charities.
About IMA Financial Group
IMA Financial Group is an independent broker defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets and make a difference.