Pentegra Services acquires plan administration firm

Pentegra Services acquires plan administration firm
New Pinnacle Consulting Group, of Cornelius, North Carolina, specializes in 403(b) plans and currently manages over 600 retirement plans.
JUL 29, 2022

Pentegra Services Inc., a White Plains, New York provider of retirement plan and fiduciary outsourcing solutions, has acquired New Pinnacle Consulting Group, a third-party retirement plan administration firm based in Cornelius, North Carolina.

Terms of the acquisition were not disclosed.

Founded in 2007, New Pinnacle Consulting specializes in 403(b) plans and currently manages over 600 retirement plans for clients nationwide. Pentegra will oversee the combined entity.

Pentegra will oversee the combined entity. Gary Mauger, co-founder and managing partner of
New Pinnacle, will continue to play an integral role in the new organization., Pentegra said in a press release. With this acquisition, all New Pinnacle employees will join the Pentegra organization.

Latest News

Focus Partners Wealth to acquire David Wealth Management, marking second deal since rebrand
Focus Partners Wealth to acquire David Wealth Management, marking second deal since rebrand

The recently rebranded Focus Partners Wealth is growing again, this time with a pending deal for a Fairfax, Virginia advisory firm.

Talks between Bank of New York Mellon, Northern Trust, have been going on for months, source says
Talks between Bank of New York Mellon, Northern Trust, have been going on for months, source says

Northern Trust is "absolutely loaded with wealthy clients," one executive said.

Younger investors remain resilient amid market turbulence, survey reveals
Younger investors remain resilient amid market turbulence, survey reveals

Use of digital tools and a longer investment horizon are clear advantages.

Wealthiest US households drive growth to $10T, but which accounts are most favored?
Wealthiest US households drive growth to $10T, but which accounts are most favored?

Research reveals one type of retirement account is showing strongest growth.

RIA moves: Allworth crosses $30B with Sheaff Brock, Apella enters the Midwest market
RIA moves: Allworth crosses $30B with Sheaff Brock, Apella enters the Midwest market

A sort-of double-deal marks Allworth's 42nd acquisition since 2018 as Apella makes its first move in Iowa.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.