Martin E. Segal founded The Segal Group, then known as the Martin E. Segal Company, in New York City 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 a leading firm of benefits, 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 US and in Canada. The company’s Toronto office — our largest in Canada — opened in 1975.
From our very beginning, we have been dedicated to the development of all aspects of employee benefits. This dedication has resulted in innovations in every area of the employee benefits field. Many widely accepted benefit practices were first conceived, designed and introduced by The Segal Group.
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 of the Company. 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. In commenting on the company's growth and achievements, Mr. Segal said, "This fine organization owes its progress to many officers, executives and staff members. It is they, who, through their expertise, devotion to the clients' needs, hard work and intellectual curiosity, have caused the company to achieve its preeminent position in the field. The combination of opportunity and fine training for newer staff members and appreciation for the experience of more seasoned staff members is a cherished arrangement, which is good for clients and offers the best future for the company's staff. As a consequence, we look forward to the future with pleasure and great confidence."
In 1969, Segal Advisors, Inc., the Securities and Exchange Commission-registered, investment consulting affiliate of The Segal Group, was incorporated in New York State to provide independent investment consulting services.
In 2012, the firm acquired Rogerscasey, a global investment solutions firm. The combined entity became known as Segal Rogerscasey, which today is a leading global investment solutions firm that provides innovative, client-driven consulting advice and outsourcing solutions.
In Canada, investment consulting services are provided through Segal Rogerscasey Canada.
In January 2001, The Segal Group acquired Sibson & Company, a human capital consulting firm, now known as Sibson Consulting. It now offers a full suite of employee benefits and HR consulting services.
Today, The Segal Group has nearly 1,000 employees in locations throughout the United States and in Canada.