FOR IMMEDIATE RELEASE
For more information, please visit www.PARCcompensation.com
or contact:
Bruce D. Smith
Partner, PARC Street Group
(516) 639-0556
bsmith@parcstreetpartners.com
PARC Compensation Consulting Launched to Deliver World-Class
Service
to Credit Unions and Other Non-Profits
Syosset, NY – September 4, 2024 – PARC Street Group is thrilled
to announce the launch of its latest strategic venture, PARC Compensation
Consulting. The launch signals a significant expansion that will elevate and
expand PARC Street Group’s capabilities. PARC Compensation Consulting will
deliver world-class compensation consulting services to credit union industry
clients and other non-profits.
This natural extension of services is an answer to the requests
of many current clients of PARC
Street Partners, a leader in the Supplemental Executive Retirement Plan
(SERP) space.
As part of this exciting development, PARC Compensation
Consulting has acquired the intellectual capital of Cardwell Consulting, a respected leader in executive compensation for over
20 years. The acquisition marks a key milestone in PARC Street Group’s growth
strategy, bringing a wealth of expertise and innovative solutions into our
portfolio.
In addition, PARC Street Group is pleased to share that Alan
Dick, president of Cardwell Consulting and a veteran in the compensation
industry, has signed a long-term consulting agreement with PARC Compensation
Consulting. Alan's extensive experience and deep understanding of the
compensation landscape will be invaluable as PARC Street Group expands its
services and continues to provide tailored solutions to its clients.
“After working with PARC Street Partners for several years as a
consultant, I am excited to work with PARC Street Group as they expand to
directly offer independent compensation consulting services. Through this
partnership, I look forward to offering a seamless transition opportunity to
Cardwell Consulting’s long-term clients,” Dick said.
In addition, PARC Street Group is excited to announce the hiring
of John-Paul (J.P.) O’Connor, formerly with DDJ Myers, who joins us as a key
member of our consulting team. O’Connor brings a strong background in data analysis and research and compensation consulting, making him a
perfect fit for PARC Street Group’s growing team. His personal mission is to
bring value to clients by providing the most current and reliable compensation
data based on market trends and analysis.
“Our expansion into total executive compensation with the launch
of PARC Compensation Consulting represents a significant step forward for PARC
Street Group,” said Christopher Jones, Partner of PARC Street Group. “By
bringing together the expertise of Cardwell Consulting and the talents of
industry leaders like Alan Dick and J.P. O’Connor, we are positioning ourselves
to offer unparalleled service and insight to the credit union industry.”
Tim Green, President of F&A Credit Union in California, a
client of both Cardwell Consulting and PARC Street Partners, said: “I have
worked with both PARC Street Partners and Alan Dick/Cardwell
Consulting for many years and can state they are both best in class at
what they do. Both firms bring an unmatched level of knowledge and integrity to
their respective areas of expertise, and a combined entity will only create
greater synergies for the credit union community. F&A Credit Union has relied
on both PARC Street Partners and Cardwell Consulting to deal with some of our
most sensitive and impactful executive compensation issues, and we could not be
happier with the outcome they have helped us achieve. This merger will strengthen PARC Street Group and the industry, and we wholeheartedly support
this combination.”
PARC Compensation Consulting will operate with the same
commitment to excellence that has defined PARC Street Partners. The focus will
be on delivering customized compensation strategies that align with the
evolving needs of today’s organizations.
Mike Lawson with CU
Broadcast recently chatted with the team from PARC Street Group.
Check out the interview here - PARC
Compensation Consulting Interview.
**About PARC Street Group** PARC Street Group is a leading consultancy that provides specialized services across a range of sectors. Focusing on delivering innovative and practical solutions, it has built a reputation for excellence
and client satisfaction.
**About PARC Street Partners**
The team at PARC Street Partners has spent decades serving
credit unions that want to attract and retain top talent through benefits
packages that motivate their leaders without burdening their members’
resources.
As experts in Supplemental Executive Retirement Plans (SERPs)
and Collateral Assignment Split Dollar (CASD) plans, they design benefits
packages that credit unions can afford, and leaders can’t afford to miss out
on.
Their experience has helped them learn the plans that help
credit unions the most. That experience, along with our commitment to radical
service (lightning responsiveness, extreme customization, white-glove support),
have made them a trusted resource. They are relied upon by the hundreds of
clients that call them partners.
**About Alan Dick**
Alan Dick is an advisor to boards, CEOs and board committees in
a wide range of industries, including credit unions. His consulting focus is on
total executive compensation with particular emphasis on executive retirement
benefits.
Because Cardwell Consulting has never sold products nor accepted
sales commissions, Dick frequently serves as an unbiased source to evaluate
products proposed by other vendors in the marketplace.
Prior to joining Cardwell Consulting in 2003, Dick spent nearly
seven years with Invesmart Inc. and its predecessor firm, where he was
responsible for the leadership of all service and operations offices
nationwide. Previously he spent 15 years with Towers Perrin, where he was a
principal and managed the benefits and retirement practice for the Seattle
office.
Dick is a Fellow of the Society of Actuaries, and an Enrolled
Actuary under ERISA. He graduated from the University of Washington with a
bachelor’s degree in mathematics.
**About J.P. O’Connor**
John-Paul (J.P.) O’Connor is a seasoned executive compensation
consultant with a deep commitment to aligning compensation strategies with
organizational goals and employee well-being. With a decade of experience in
data-driven analysis and a passion for impactful decision-making, he has
developed a reputation for crafting compensation solutions that resonate at
every level of an organization. O’Connor’s expertise lies in understanding compensation's critical role in shaping organizational culture,
driving engagement, and securing long-term success.
Throughout O’Connor’s career, he has been at the forefront of
guiding organizations through complex compensation challenges. His innovative
approach and dedication to fairness have consistently delivered effective and
strategic outcomes, ensuring that compensation decisions meet and exceed organizational objectives. O’Connor believes that well-structured
compensation strategies can transform lives, empower teams and strengthen the
future of organizations.
O’Connor graduated from the University of Connecticut with a
bachelor’s degree in psychology with a specialization in Neuroscience. He also
has a Compensation Studies Certification from Cornell University.
For more information, please visit www.PARCcompensation.com
or contact:
Bruce D. Smith
Partner, PARC Street Group
(516) 639-0556
bsmith@parcstreetpartners.com
Tammy O’Hara, CCUE,
CLU®, CCD | Executive
Benefits Consultant
voice
only 321.689.5822 | text only 321.415.9947 |
3453
McLain Preserve Point, Sanford, FL 32771
tohara@PARCstreetpartners.com
| LinkedIn
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