Adviser Product Partnership

Kashable, SecureSave deliver financial benefits to employers; Vistria, Kohlberg announce strategic partnership with USRBP; Viu by HUB, Unison to simply homeowner insurance; and more.


Kashable, SecureSave Partner to Deliver Financial Benefits to Employers

Kashable LLC and SecureSave’s announced a collaboration intended to provide working Americans access to affordable credit, emergency savings funds and financial wellness resources.

“Working with SecureSave, we’re offering employers and their employees comprehensive financial wellness benefit programs during a time when so many employees could use a little help,” Einat Steklov, co-CEO and co-founder of Kashable, said in a statement.

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Under the new partnership, participating employers can offer SecureSave’s emergency savings accounts and Kashable’s low-cost loans all under one dashboard.

“Kashable is a forward-thinking company delivering financial solutions to employees and we are proud to partner with them to expand their innovative offerings to include emergency savings solutions,” Devin Miller, CEO and co-founder of SecureSave, said in a statement. 

Vistria, Kohlberg Announce Strategic Partnership with USRBP

Vistria Group LP and Kohlberg & Co. LLC announced a strategic partnership with U.S. Retirement & Benefit Partners. Kohlberg will remain a minority investor and partner with Vistria to further accelerate the growth of USRBP.

“Combining the knowledge and track record of Kohlberg with The Vistria Group’s strong relationships in the K-12 segment, we can leverage these connections to maximize impact in better serving school districts and government entities,” said Megan Schneider, USRBP’s CEO, in a statement. “Our partnership with The Vistria Group brings substantial value to USRBP’s growth strategy across the public, non-profit and private sectors.”

Viu by Hub Partners with Unison to Simply Personal Insurance for Homeowners

Viu by Hub announced a partnership with Unison, a home equity sharing company, allowing homeowners to compare insurance coverage quotes across carriers while also receiving advice.

“By merging technology and human expertise, VIU helps homeowners manage their insurance policies easily so they can be more aware of their needs and confident the right coverage is always in place,” Bryan Davis, executive vice president of Hub International and head of Viu, said in a statement.

“Making insurance simpler to understand, compare and shop for provides homeowners with more security and peace of mind as they navigate the changing housing market,” Thomas Sponholtz, Unison’s CEO, said in a statement.

StreetWise Partners, Global Atlantic Partner to Benefit Underrepresented Talent

The Global Atlantic Financial Group will make a $1 million commitment in support of StreetWise Partners, a nonprofit organization. The partnership aims to promote economic equity by connecting underrepresented talent with career opportunities.

“We are driven to equip underrepresented talent with the skills, industry knowledge, and social capital needed to launch their careers and achieve upward mobility,” Shari Krull, CEO of StreetWise Partners, said in a statement. “Global Atlantic Financial Group’s generous investment bolsters our mission and underlines their confidence in our cause.”

“The talent coming out of StreetWise is impressive, and their enthusiasm for learning is unparalleled,” Dan O’Shea, managing director of and chief administrative officer at Global Atlantic, said in a statement.

July Acquires Sunwest Pensions to Expand National Presence

The 401(k) provider continues its PE-backed acquisition strategy by booking its fourth deal of the year.

 

401(k) provider and administrator July Business Services Inc. announced Tuesday that it has acquired Tempe, Arizona-based recordkeeper and third-party administrator Sunwest Pensions.

The acquisition by Waco, Texas-based July will add 500 clients and 26 employees, according to the announcement. The firm did not disclose details of the investment.

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John Humphrey, July’s president and CEO, noted in a statement Sunwest’s focus on clients and investment in professional development.

“Since our establishment in 1998, we have always strived to provide our clients with a boutique experience they truly deserve,” Theresa Conti, founder and president of Sunwest Pensions, said in a statement. “When selecting a partner to lead our next chapter, it was vital for us to find a company that values and provides growth opportunities for our talented team.”

Sunwest is July’s fourth acquisition in 2023 as the company pursues strategic growth opportunities. Earlier this year, July acquired the retirement plan recordkeeping and administration business of HTLF Retirement Plan Services and Digital Retirement Solutions, according to company announcements.

In 2022, July secured capital investment from private equity firm Platform Partners LLC to fuel its growth strategy, including acquisitions and product innovation. The firm, which specializes in retirement plan design for small and midsize businesses, said the investment was part of a growth strategy, including building its base of advisers and adding further white-label outsourcing services.

The firm now has 7,500 clients comprised of 160,000 plan participants and $9.6 billion in plan assets.

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