The amount of the deal was not disclosed.
The company will use the funds to accelerate its next stage of advisor-focused product development and client growth.
Led by Mark Klein, Founder & CEO, Professional Capital Services is an independent and conflict-free retirement services platform automating the sale, design, valuation and management of retirement plans. It offers its services to over 800 channel partners to deliver a customizable platform suited for registered investment advisors, independent broker dealers and investment management firms serving the retirement ecosystem.
The company currently serves more than 2,000 retirement plan sponsors encompassing more than 150,000 plan participants.