Fri, 13/06/2014 - 14:02
Investment services firm Pavilion Financial Corporation has acquired the business of Plan Sponsor Advisors (PSA), an investment and retirement benefit consulting firm specialising in defined contribution plans.
The transaction is expected to close on or around 20 June.
Founded in 2002 and with offices in Chicago and Indianapolis, PSA provides fiduciary and non-fiduciary consulting services to publicly traded and privately held companies including global corporations, major healthcare systems and family-owned businesses. Over 90 per cent of its revenue is derived from defined contribution plan sponsors.
Co-founders Jennifer Flodin and Don Stone have in excess of 50 years' industry experience.
PSA leverages a proprietary R21 Process that uses behavioural finance to help defined contribution plan sponsors re-engineer their retirement plans, define success and measure progress. It also leverages proprietary software, TDAnalyzer, which uses participant demographics to determine target date suitability in light of projected outcomes.
PSA advises on over USD22 billion in retirement plan assets.
"We're very pleased to add PSA's unique expertise in retirement benefit consulting to DC plans to the array of solutions Pavilion offers to its institutional clients across North America," says Martin Weinberg, chief executive and chairman of Pavilion Financial Corporation. "The addition of PSA is another step forward in our strategy to build a self-sustaining, employee-owned investment services firm by recruiting best-in-class talent and introducing innovative and customised services and solutions to clients."
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