Our Experience

Norvest Financial Services, Inc. was founded in 1991 with the goal of providing insurance products and services exclusively for public sector employers and associations. On behalf of our clients, our benefits division provides custom-designed group insurance programs for the benefit of their employees and members — including Life, Disability Income Protection, Specified Disease, Long-term Care, Automobile and Homeowners Coverage — to more than 40,000 New York State and Municipal employees and retirees.

William F. Wasserbach, Sr., President, and CEO, is a Certified Financial Planner with more than 30-years of experience in the Financial Services Industry. Bill is responsible for the entire range of services Norvest provides.  In addition to his responsibilities as CEO, Bill is also the lead negotiator with the insurance carriers on behalf of all Norvest clients for plan design and policy renewals.  Bill’s recognition within the group insurance industry, when providing benefits to the public sector, has benefited his clients when negotiating policy terms with the major insurance carriers.

Rosanne Toohey, Select Accounts Manager, has more than 25-years of experience in the insurance industry. Rosanne was a Human Resources Benefits Specialist for 12-years and also served as an Account Manager for a major health insurance carrier. As select Account Manager, Rosanne is responsible for the development, administration, implementation, and overall customer service experience of the benefit programs we administer. 

Lawrence DeCosmo, Financial Analyst, was the former Chief Financial Officer for the NYS Thruway Authority. Larry has more than 30-years of public sector experience in a variety of accounting and financial positions. As Financial Analyst, Larry is responsible for procuring and analyzing insurance coverage proposals, ensuring compliance with regulations, and premium reconciliation between the client and the insurance carriers.       

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CEO William F. Wasserbach
President & CEO


Rosanne Toohey
Select Accounts Manager


Lawrence DeCosmo
Financial Analyst