Mullin Consulting Inc. and TBG Financial Inc. are combining to form MullinTBG.

Mullin, Chicago, and TBG, Los Angeles, are both executive benefits firms.

The combined firm, which will be based in Los Angeles, will employ more than 300 executive benefits specialists.

The specialists will administer more than 400 nonqualified benefit plans with $15 billion in assets and about 50,000 participants.

The merging companies say the combined firm will continue to sell executive benefits services and products.

MullinTBG also will offer investment advice and financial planning services, as well as financial products supplied by M Financial Group, Portland, Ore., according to Mullin Consulting and TBG Financial.

The combined firm will have regional offices in Baltimore, Chicago, Dallas, Minneapolis, New York, Pittsburgh, Washington and Newport Beach, Calif.

The chairman of MullinTBG will be Peter Mullin of Mullin Consulting, and the president will be James Clarey, president of Mullin Consulting, according to Mullin Consulting and TBG Financial.

The chief executive officer of the combined firm will be Michael Shute, CEO of TB Financial, according to Mullin Consulting and TBG Financial.