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Deals & People December 24, 2014
USRP Acquires Pennsylvania 403(b) Provider
U.S. Retirement Partners (USRP) reported that it has acquired
Kades-Margolis Corporation (KMC), which will join USRP’s national network of 403(b)
providers.
Reported by PLANADVISER staff
KMC, based in Wayne, Pennsylvania, provides 403(b) planning services to school district employees in Pennsylvania in K-12 education. The firm provides retirement planning and benefits services to members of the Pennsylvania State Education Association (PSEA), which has endorsed KMC for 40 years. More than 50 advisers throughout the state deliver services to more than 35,000 individual clients in nearly 500 school districts.
Randy Aranowitz, executive vice president of KMC, highlighted USRP’s practice management programs and tools as a service model benefit of the acquisition. “They will enable our advisers to become more productive, as well as deliver a higher level of service to their clients,” Aranowitz said in a statement.
U.S. Retirement Partners, based in Iselin, New Jersey, provides employee benefits and retirement planning services, as well as tools and support to partner firms and advisers.