Deals & People January 24, 2012
Alliance Acquires Brown Edwards
Alliance Benefit Group Carolinas Inc., a subsidiary of
Pentegra Services Inc., is acquiring Brown Edwards & Associates Ltd.’s
qualified plan administration business.
Reported by Tara Cantore
Alliance Benefit Group-Pentegra will administer these plans. The transition will be completed over the next several months.
The transaction will increase the services available to Brown Edwards & Associates’ clients and adviser partners. Clients will have access to a full array of retirement plan services, including custom plan design; ongoing plan consulting; daily valuation administration and recordkeeping; flexible, fully customizable open-architecture arrangements; legal and technical support; plan compliance and fiduciary services; education and communications; and sponsor and participant 24/7 web access.
Brown Edwards & Associates will continue its presence in the Charleston, South Carolina area.