Pensionmark Expands California Footprint

Retirement plan services provider Pensionmark Retirement Group added a new partner and branch office to cover Bakersfield, California, and the San Joaquin Valley.

Tom Ming will serve as managing director at the new location, which is being established in coordination with the local firm Tower Rock Advisors. Pensionmark says the partnership offers Ming, previously president of Tower Rock Advisors, and his firm the ability to maintain an independent business model, which incorporates retirement plan advisory and wealth management services while leveraging infrastructure and support from Pensionmark.   

Troy Hammond, Pensionmark’s president and CEO, says his firm is looking to add 10 to 12 partners during the remainder of 2014.

Ming’s background includes experience developing and implementing investment management strategies for fiduciaries and closely-held businesses since 2004, Pensionmark says, and he has also developed comprehensive educational and investment programs focusing on employee retirement readiness and fiduciary due diligence for a list of companies in the San Joaquin Valley.

Pensionmark is headquartered in Santa Barbara, California, and operates 27 regional locations across the U.S. The firm is recognized as a top performer in The PLANADVISER Top 100 Advisers, an annual listing of the retirement plan advisers and adviser teams that stand out in the industry in terms of a series of quantitative measures.

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