The Wright Group Inc. - Commercial Insurance & Employee Benefits

Wright Group Services, Inc. as one of the premier risk management and employee benefit providers in the Rocky Mountains and throughout the United States wants to thank you for engaging our organization. For our efforts we are compensated, primarily in the form of commissions, and contingency paid by insurance companies. We also receive fees from our clients, when agreed upon in writing. Further detail is provided below.

Commission Income

Commission, calculated as a percentage or as a flat rate is paid by the insurer to distribute and service your insurance policy. Our commission is included in the premium your organization pays. Individuals at Wright Group Services, Inc. who place and service your insurance may be paid compensation tied to this commission.

Qualified Plan Fee Income

The Wright Group is often compensated on qualified plan business of fee basis. The fee can be either in a flat dollar amount, payment for project work, or in a percent of assets under management. Securities and advisory services are offered through our broker-dealer Financial Telesis, Inc. The Wright Group Services and Financial Telesis Inc are not affiliated

Contingency Income

The group also receives income through contingency arrangements paid by insurers. They are called "contingent" because to qualify for payment The Wright Group normally needs to meet certain criteria. This criteria is primarily related to providing better service and underwriting which benefits both our clients and the insurance companies. For this reason, the individuals involved in placing or servicing insurance are rarely, if ever, compensated directly for the contingent income that we receive. In addition, these contingency payments are tied to the overall relationship with an insurance company and thus we cannot measure the impact that a single client may have on any contingency payment.

Supplemental Commissions

Some insurance companies have recently replaced contingent commissions with supplemental commissions. These amounts paid by carriers follow the same overall process as contingency income but are normally determined in a prior year and are paid as a percentage of total premiums placed with a carrier in subsequent years.

Fees Paid By Clients

When agreed to in writing by our clients a fee may be negotiated for placement of insurance coverage or additional services.

Other Compensation And Benefits

The Wright Group Services, Inc. may receive revenue or further benefits from our insurance brokerage activities in other ways. This includes insurance company promotional events, promotional marketing and/or employee training and development, fees or a percentage of the interest paid to us for the administration of premium finance contracts, interest paid to us by financial institutions earned on fiduciary or trust accounts, and other compensation paid by third party companies.