Jump to content
Sign in to follow this  
EastCoast TPA

Acquisition/Partnership Opportunities

Recommended Posts

I have several decades of experience in the TPA industry and have developed numerous relationships with financial advisers and plan sponsors throughout the years.  A few of my colleagues and I feel the time has come for us to look into acquiring an existing book of business to jump-start building our own firm.  We are primarily looking at NJ, PA, MD, DC, and VA but anywhere down the east coast through FL is desirable.  We all have extensive 401(k)/403(b)/457(b)/457(f) experience and have also worked with actuaries on DB/Cash Balance plans.

Does anyone out there know of a resource, whether it's a search firm or a listing, that can assist in finding a small TPA (or two) that would like to sell their book of business?  I have read through multiple forums and there has been a lot of great information posted by those of you that have already gone through what we are attempting.  Any insight would be appreciated - and if you just so happen to want to sell a book of business, please let me know.

Share this post


Link to post
Share on other sites

CuseFan - Joining a firm is an option we have discussed, but at this point there are no specific assets to be acquired.  While we have numerous contacts and a good reputations, we are at the infancy stage.  Our goal is to acquire a book of business then add to that through our contacts.

KarolineWriter - I know URPC is a large national firm but I haven't heard any horror stories.  Should I assume you are speaking from experience?

Share this post


Link to post
Share on other sites

Hi Richard,

I see you have a comprehensive database of TPA's.  I am in the market looking to acquire another small firm.  How extensive is your database?  Do you put people in touch with potential buyers?

Share this post


Link to post
Share on other sites

An alternative to acquiring a firm is to work with a company that creates a private label for your firm.  We provide daily valuation and third party administration for a couple of banks and the clients don't know we exist.  The website and statements will have your information and logo and we can be your back office.  No capital requirement or employees to manage.  

If you are interested, give me a call at 646-651-1975.  

Scott

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...