Rich Sotell

Mr. Sotell joined Axial Financial Group in 2024, after the transition of Axial Benefits Group to Alkeme Isnurance. Prior to that, Richard became a member of Axial Benefits Group by way of the 2018 acquisition of The Kraematon Group, Inc., a firm he founded and served as President of since its inception in 1982.

Rich began his career in the financial industry in 1975 after graduating with a Bachelor of Arts degree from Colgate University. He is involved in client acquisition, marketing, plan implementation, and participant education. With Kraematon being one of the first retirement benefits firms to specialize in 401(k) plans, Rich has been meeting the retirement plan needs of clients since 1982.

Considered a specialist in the field, Rich has lectured on these subjects to insurance company executives, radio listeners, and at several professional education programs. He is a specialist concerning distributions from qualified retirement plans and IRAs, and has developed marketing plans for banks and mutual fund companies in both areas. He was named by the Financial Times as a 2015 and 2016 “Top 401 Retirement Advisor,” a list of 401 elite professionals specializing in U.S. defined contribution plans.

Rich is a contributing member to several high-level 401(k) advisory boards in the mutual fund and payroll industries. In March 2011, he was one of twenty business delegates from the Commonwealth to travel with Governor Deval Patrick on a trade mission to the U.K.

He is also the proud Chairman of the British American Business Council of New England.

A former Wellesley Youth Hockey coach, Rich is an avid sports fan. He lives in Wellesley with his wife Kathleen and has two sons, Erik, and Spencer.

2015 – 2016 Financial Times 401 Retirement Advisers, created by Ignites Research. The 2016 award was presented in Sept 2016 for the preceding 12 months. 540 Advisors were considered, 401 Advisors were recognized. Advisors pay a fee to hold out marketing materials. Not indicative of advisor’s future performance. Your experience may vary. Click here (https://www.ft.com/content/e3e25424-5b0a-11e6-9f70-badea1b336d4) for more award information.