Rael & Letson was founded by Juan Rael and
Ed Letson in
1963, for the purpose of providing the highest quality actuarial and consulting
services to multiemployer trust funds. In 1986 the firm was purchased
by Michael Clark, who had been an employee since 1970. Mr. Clark led the
firm until January of 2004 at which point ownership and management was
turned over to the employees. Rael & Letson is proud to continue serving
its clients as an employee owned firm.
Until 1994, the firm operated out of one location in the San Francisco
bay area. From this single office, Rael & Letson served clients throughout
the western region, from Anchorage to San Diego, with occasional client
work in Nevada. In 1994 Rael & Letson opened an office in the Seattle
area, in order to better serve clients and develop additional client opportunities
in the Pacific Northwest and Alaska. The Pasadena office was opened in
1996 establishing a strong presence along the entire west coast of the
United States. This pattern of stable growth has continued.
As the firm has continued to serve a growing number of clients, it has
also gathered and retained a highly qualified team of employees. In 1990
the firm consisted of about a dozen employees in one location; currently
there are over 45 employees in five locations. The long-term growth of
Rael & Letson has been characterized by very low turnover. This stability
enables Rael & Letson to build and maintain strong client relationships.
Many client relationships have spanned decades and through these well
established relationships Rael & Letson can offer the most successful
interaction between clients and consultants. To clients and employees
alike, Rael & Letson is a positive organization with which to be involved.
Read more about the rewarding aspects of working at Rael & Letson on the
careers page!
