Press Release

PCS Retirement Acquires Aspire Financial Services

Issued by Professional Capital Services, LLC

Aug. 2, 2019

PCS and Aspire were both founded nearly two decades ago with the same common goal--to provide a comprehensive, independent and conflict-free retirement plan platform for financial advisors, TPAs, plan sponsors and participants alike. PCS became the first recordkeeper to offer advisors a prospecting engine and benchmarking toolkit and is now leading the charge in integrating with wealth management platforms, enabling advisors to have a holistic view of all assets, retirement and non-retirement. Aspire was the pioneer in flat-fee pricing, choice architecture and best-of-breed service delivery model. For the Non-ERISA and ERISA qualified plan markets, as well as the individual end market, the combined platform is now uniquely aligned with legislative tailwinds in favor of the establishment of retirement plans by small companies and growth in automatic enrollment.

"PCS and Aspire have always shared a common vision to help Americans retire with dignity. We believe the combined organization will offer a compelling full-suite retirement platform capable of enabling financial intermediaries a robust retirement solution framework," said Pete Kirtland, CEO of Aspire. "We look forward to joining forces with PCS to provide an industry leading, full-service recordkeeping solution."

As part of this transaction, Aspire senior leadership will join the PCS management team. Mark Klein, CEO of PCS, will be the CEO of the combined organization.

"Together, PCS and Aspire can more effectively fulfill our shared pledge to offer a platform that advisors and their clients can depend on, without conflict and without hidden fees or agendas," said Klein. "It's really a combination without compromise. We are focused on working together to continue to offer proactive, best-in-class service to retirement plan professionals, TPAs and the clients they serve. Today's announcement represents our shared belief that all employers, regardless of size, and Americans at every income level deserve access to sophisticated, transparent workplace plans that increase their financial security."

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.