Deals & People June 2, 2011
U.S. Retirement Partners Acquires 403(b) Provider
U.S. Retirement Partners (USRP) has acquired USD Insurance and
Financial Services, Inc. (USD), a 403(b)
provider serving the K-12 education market.
Reported by PLANADVISER staff
USD was founded in 2000 by Chris Quirarte and is headquartered in Los Angeles. The firm’s eight-person adviser team serves clients in school districts throughout Southern California. USD hopes to expand its adviser base to accommodate the current market size, the announcement said.
“Joining USRP will enable us to grow the business at a much faster rate,” said Chris Quirarte, president of USD. “They have a strong suite of tools that will help us recruit, select and train new advisers quickly. Because the Southern California opportunity is so large, we are looking at doubling our number of advisers in the next two years.”
You Might Also Like:
Voya Focusing on PEPs, MEPs With Advisers, Says Top Exec
The wealth solutions sales head made the comments at a LeafHouse conference as the firm announced it was nearing $90B...
Ascensus Hits $1B AUA in PEPs, Showing Continued Adoption
The firm cites almost 650 employers in their pooled employer plans; meanwhile, Ameritas is launching a 403(b)-specific offering.
Retirement Plan Limits to Rise in 2024, Mercer Projects
Almost all retirement plan limits will increase, with the exception of catch-up contributions, according to the benefits consultancy.