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Deals & People June 2, 2011
U.S. Retirement Partners Acquires 403(b) Provider
U.S. Retirement Partners (USRP) has acquired USD Insurance and
Financial Services, Inc. (USD), a 403(b)
provider serving the K-12 education market.
Reported by PLANADVISER staff
USD was founded in 2000 by Chris Quirarte and is headquartered in Los Angeles. The firm’s eight-person adviser team serves clients in school districts throughout Southern California. USD hopes to expand its adviser base to accommodate the current market size, the announcement said.
“Joining USRP will enable us to grow the business at a much faster rate,” said Chris Quirarte, president of USD. “They have a strong suite of tools that will help us recruit, select and train new advisers quickly. Because the Southern California opportunity is so large, we are looking at doubling our number of advisers in the next two years.”