The alliance merges two retirement plan consulting businesses to create a combined client portfolio of employer-sponsored retirement plans with assets exceeding $10 billion. Through the partnership, PFE and PSA’s Fiduciary Consulting Group (FCG) clients will gain access to expanded plan administration and support resources delivered with greater efficiency, according to the firms.
Chip Lewis, Jr., managing director of PSA, says The PFE Group “shares the same business philosophies and approach that PSA clients have grown to value over the years.” He says PFE’s strong technology resources also played an important role in creating the partnership.
The firms will work to streamline services related to retirement plan consulting, investment advice, provider searches, and communication and education. PSA will also continue to focus on its proprietary HERO Program, which educates and empowers plan participants to save for retirement through debt reduction.
“This partnership represents tremendous opportunity for both organizations,” says Wayne Bogosian, president and managing director of The PFE Group. “Their talented staff, combined with the breadth and scope of our enterprise, represents a very exciting future for us all.”
« (b)lines Ask the Experts – Different Investment Policies for DB and DC Plans