Michael Strome identified a need in the actuarial consulting market where small and medium sized clients were being underserved by the traditional actuarial firms. The national and global firms were providing advice that was too costly and the local consulting firm did not have the expertise to provide expert advice.
After some urging by his prior clients, Michael took the opportunity to start Strome Actuarial Services, LLC. The goal of the firm is to provide high quality, flexible service while delivering the same level of expertise provided by the larger consulting firms priced for mid-market clients.
With more than 30 years of experience, Strome Actuarial Services, LLC provides quality actionable advice in all areas of your retirement needs.
We help companies decide which type of plan best meets their needs, from a traditional defined benefit plan, to a hybrid plan, or a defined contribution plan.
What is important to your company: is it cash flow, balance sheet or bank covenants? We work with your company to focus on the most important issues.
Proper plan administration is important to ensure that the risk to your company is minimized.
Managing risk in a defined benefit plan is vital for the company to achieve its short, medium and long term goals. Poor decisions and improper management of the plan cause unanticipated problems which lead to a crisis.
With more than 30 years of experience, Michael has a reputation for quality advice and responsiveness to clients. Before starting his own firm, Michael worked as an actuarial consultant for global accounting firms, global consulting firms, as well as a small local consulting firm.
Michael specializes in all aspects of defined benefit consulting including retirement plan design, post retirement accounting under ASC 715, ERISA funding, and liability driven investing.LinkedIn Email
Direct: (248) 461-3625