PCS Retirement, LLC (formerly known as Professional Capital Services, LLC,), a fiduciary retirement platform, acquired Aspire Financial Services, a service provider of smart retirement solutions, serving advisors, plan sponsors and TPAs.
The amount of the deal was not disclosed.
As part of this transaction, Aspire senior leadership led by Pete Kirtland, CEO, will join the PCS management team. Mark Klein, CEO of PCS, will be the CEO of the combined organization.
The combined, 300-person organization provides recordkeeping services to 16,000 plans and 750,000 eligible participants representing more than $23 billion in assets under administration.
Together, PCS and Aspire will serve thousands of financial advisors, strategists and Third-Party Administrators (TPAs) across the United States.
PCS Retirement is a Premier Fiduciary Retirement Platform which allows advisors to extend wealth management solutions and generate outcomes for retirement plan sponsors and participants. It offers a comprehensive retirement platform, including front-end business development tools, technology, and analytics to allow advisors to personalize and integrate retirement plans as part of their broader offering.
Aspire Financial Services is a leading service provider of smart retirement solutions, serving advisors, plan sponsors and TPAs since 2002 with an open-investment retirement planning management system supporting all plan types [401(k), 403(b), 457, IRA including Payroll Deduction, HSA, Cash Balance, Defined Benefit, Non-Qualified].
The company provides a technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options through its proprietary technology platform and strategic partnerships.
FinSMEs
02/08/2019