The acquisition forms a new business in the P-Solve Group—P-Solve Cassidy. P-Solve will now be able to provide clients with full integrated, end-to-end fiduciary management solutions for defined benefit pension plans in the U.S. Cassidy will also provide P-Solve with enhanced capability in the design and implementation of defined contribution and hybrid retirement plans.
Daniel P. Cassidy, founder/president of Cassidy Retirement Group and the incoming co-head of P-Solve’s U.S. business said: “We have had an effective, results-based working relationship with P-Solve for many years. Our clients will benefit from the depth of investment skill and experience that P-Solve provides, which increases our ability to provide cost-effective, fully-integrated retirement solutions.”
All CRG employees will be joining P-Solve in similar roles.