The alliance merges two retirement plan consulting businesses
to create a combined client portfolio of employer-sponsored retirement plans
with assets exceeding $10 billion. Through the partnership, PFE and PSA’s
Fiduciary Consulting Group (FCG) clients will gain access to expanded plan
administration and support resources delivered with greater efficiency,
according to the firms.
Chip Lewis, Jr., managing director of PSA, says The PFE
Group “shares the same business philosophies and approach that PSA clients have
grown to value over the years.” He says PFE’s strong technology resources also
played an important role in creating the partnership.
The firms
will work to streamline services related to retirement
plan consulting, investment advice, provider searches, and communication
and
education. PSA will also continue to focus on its proprietary HERO
Program, which educates and empowers plan participants to save for
retirement through debt reduction.
“This partnership represents tremendous opportunity for
both organizations,” says Wayne Bogosian, president and managing director
of The PFE Group. “Their talented staff, combined with the breadth and scope of
our enterprise, represents a very exciting future for us all.”
The
PFE Group is a United Capital Financial Partners Company. More information about PFE is available at www.pfegroup.com.
More about PSA is available at www.psafinancial.com.