American Trust Retirement Services, a Memphis, Tennessee-based retirement plan provider, has acquired Stanley Benefit Services, an employee benefits consulting firm based in Greensboro, North Carolina, that specializes in retirement plan administration.
Terms of the acquisition were not disclosed.
Fund Direct Advisors Inc., a registered investment advisory firm with the same owners as Stanley Benefits, will not be part of the acquisition and will remain independent under the leadership of Wes Stanley and Chris Stanley.
The remaining team members of Stanley Benefits, including Bill Stanley and Chris Francis, will become employees of American Trust Retirement.
The acquisition will be rebranded as Stanley Benefit Services, a Division of American Trust Retirement, and eventually transition to the American Trust name, the company said in a release.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
Few feel confident that they will meet their retirement goals.
Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
