Leading broker Gallagher has paid an undisclosed amount for North Sydney-based Blueleaf Consulting, a financial adviser for life insurance planning, wealth management and estate planning.

The acquisition is expected to boost Gallagher’s other business offerings in employee benefits and HR consulting.

“Gallagher offers more than insurance,” a spokesman told insuranceNEWS.com.au. “Our financial advisers provide more traditional wealth management services for individuals, as well as offering wealth management services as part of greater employee benefits packages.

“Our advisers also play a crucial role in developing financial literacy programs, which are adopted as part of our employee benefits offering.

The Blueleaf business will be part of the Gallagher team in the US-owned broking group’s Sydney head office and will be overseen by Leslie Lemenager, the Head of International Employee Benefits, Consulting and Brokerage operations.