Prime Pensions, a Florham Park, New Jersey-based provider of retirement plan compliance and administration services, has acquired Northwest Retirement Plan Consultants, a Puyallup, Washington-based provider of retirement plan design, administration and consulting services.
Terms of the acquisition were not disclosed.
Martin Smith and Debbie Smith, managing principals of Northwest Retirement, “will continue in their roles and join the leadership team of the combined business,” Scott Feit, chief executive officer of Prime Pension, said in a press release.
As Northwest did before the acquisition, Prime Pensions, a portfolio company of Mill Point Capital, specializes in serving small and medium-sized businesses. The acquisition enhances Prime Pensions’ retirement plan portfolio, Mill Point said in the release.
“The acquisition of NWRPC is highly complementary to Prime Pensions as it diversifies our client base and adds significant extension to our geographic presence," Feit said.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
