An agreement signed with Pensionmark seals a partnership between the national firm and a St. Paul, Minnesota-based independent advisory practice, SevenHills Benefit Partners.
SevenHills will be the first Minnesota financial services organization to partner with Pensionmark, according to the firms.
“This new partnership offers us the leverage, strength, and resources of a national consulting firm while allowing us to maintain our independent business model,” says Chris Schneeman, SevenHills president. “As a result, our advisers will continue to be able to act in an investment fiduciary capacity for clients and deliver an expansive and comprehensive suite of services.”
SevenHills will have access to Pensionmark’s proprietary financial wellness programming, enabling participants to create a financial picture complete with retirement savings and household budgeting. The firm joins Pensionmark’s national network of retirement plan advisers, which includes defined contribution, defined benefit and terminal funding, not-for-profit, and executive and deferred compensation specialists.
“SevenHills is among the most highly regarded financial services firms in the country and gives Pensionmark a strong presence in Minnesota,” says Troy Hammond, Pensionmark president and CEO. “Seven Hills’ reputation and their experienced staff will be a great addition to the Pensionmark adviser network.”