TPA Strongpoint Partners Acquires Pension Consultancy Karel-Gordon & Associates

Strongpoint Partners, a retirement services platform specializing in third-party administration, recordkeeping, payroll and human resources, has acquired pension consultancy Karel-Gordon & Associates.

Based in Deerfield, Illinois, and serving customers in greater Chicago, Karel-Gordon & Associates is a pension consulting, actuarial and administration firm. Since its inception in 1975, the firm has partnered with financial advisers, tax professionals and attorneys to create qualified retirement plans.

Holly Danziger, a principal in and president of Karel-Gordon, will continue her role as president. Working alongside her is Seth Silverman, principal and head of growth. The pair have led the organization for more than a decade.

“Seeing the amount of collaboration happening at Strongpoint just a week into our partnership reinforced what a great decision we made,” Danziger said in a statement.

Danziger and Silverman were advised by Wise Rhino Group during the partnership process. Karel-Gordon is Strongpoint’s 10th retirement TPA partnership.

“The partnership of these two Chicago-based firms further bolsters Strongpoint’s actuarial talent and expertise in defined benefit plans while providing the Karel-Gordon team access to expanded services offerings such as payroll and HR solutions,” Peter Campagna, Wise Rhino Group’s managing partner, said in a statement.

With the addition of Karel-Gordon & Associates, Strongpoint now employs nearly 300 staff nationwide and serves more than 9,000 clients across its service lines.