American Trust Retirement acquires benefits consultant

American Trust Retirement acquires benefits consultant
Stanley Benefit Services is based in Greensboro, North Carolina; the transaction does not include a related RIA, Fund Direct Advisors.
MAY 04, 2021

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.

Women most interested in social and environmental factors of ESG

Latest News

Retirement delays, Social Security fears prompt advisors to rethink income strategies
Retirement delays, Social Security fears prompt advisors to rethink income strategies

Concerns about outliving savings and healthcare costs are reshaping how "Peak 65" Americans and advisors approach income planning.

Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler
Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler

Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.

RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut
RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut

Modern Wealth's latest deal for a California-based fee-only RIA marks its fourth acquisition of 2025.

Empower defends private market access in 401(k)s in response to Warren scrutiny
Empower defends private market access in 401(k)s in response to Warren scrutiny

Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.

AI is gaining traction with buy-side equity traders and may be an unstoppable force
AI is gaining traction with buy-side equity traders and may be an unstoppable force

Use of the technology is growing and asset managers see transformative benefits.

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.