Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Deals & People September 18, 2007
National Retirement Partners Announces Acquisitions
National Retirement Partners, LLC (NRP), has entered into a letter of intent for the proposed acquisition of three advisory groups, signaling the start of the next round of the firm's acquisition strategy.
Reported by Rebecca Moore
The three letters of intent were signed by Darrell Alford and Lisa Jungers of Alford-Jungers Financial in San Diego, CA; Chad Larsen in Denver, CO; and Barbara Delaney of Pearl River, New York-based Financial Foundations of America, NRP announced Wednesday.
NRP Chairman Bill Cvengros said the acquisitions represent the solidification of a major part of NRP’s overall strategy for NRP and will assist it in cultivating profitable expansion. Tim O’Brien, NRP Director of Mergers and Acquisitions anticipates more acquisition announcements in the near future.
Chad Larsen, the 2007 PLANSPONSOR Retirement Plan Adviser of the year (See 2007 Retirement Plan Adviser of the Year), said he anticipates aggressive growth for his firm. “Our intent is for Denver to become a hub practice for NRP with an objective to build out the largest and strongest inter-mountain retirement plan practice,’ Larsen stated in the announcement.
NRP is a network of independent retirement plan-focused advisers with more than 90 member firms advising 3,000 retirement plans with assets in excess of $34 billion.
For more information about NRP, visit www.n-r-p.com.