Lincoln Trust Acquires Pension Consulting Firm

Lincoln Trust Company has acquired Independent Pension Consultants Ltd. (IPC), a regional plan administration and consulting firm in Eden Prairie, Minnesota.

IPC specializes in providing plan design, daily administration and consulting. Lincoln Trust Chairman and Chief Executive Bob Beriault said Lincoln Trust’s acquisition of IPC complements the firm’s existing business and expands its national footprint to include an established presence in the Upper Midwest market. Once the acquisition is complete, Lincoln Trust will service more than 2,300 qualified plans and well over $3 billion in assets under administration.  

Lincoln Trust is continuing to look for acquisition opportunities to fuel growth. In November, the company purchased Fringe Benefit Administrators Ltd., a retirement plan administrator in Metairie, Louisiana. (See “Lincoln Trust Acquires TPA.”)

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Earlier this year, the firm sold its self-directed IRA division to PENSCO Trust Company in order to prepare itself for expansion in the defined contribution (DC) marketplace. (See “Firms Combine Alternative Assets Capabilities.”)  

Mesirow Hires Head of Portfolio Research

 

Mesirow Advanced Strategies named Matthew Strube senior vice president and head of portfolio research to assist in all aspects of portfolio construction, risk and allocation.

 

 

Strube’s focus will be on customized mandates. He will report to report to Steve Vogt, Mesirow’s chief investment officer.  

Before joining Mesirow, Strube served as director of the hedge fund portfolio at the Teacher Retirement System of Texas. Previously he was a derivatives trader at USA Trading as well as SMC Option Management, and an order manager at Cargill.  

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Strube holds a bachelor’s degree in entrepreneurship and finance from the University of Arizona, and a master’s of business administration in entrepreneurship and finance from the Booth School of Business at the University of Chicago.

 

«