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View More Press Releases by The Retirement Advantage [TRA]

Press release:

The Retirement Advantage, Inc. Continues Expansion of National Footprint with Acquisition of Fred S. Shapiro & Associates, Inc.

Issued by: The Retirement Advantage [TRA]

Date: Jan. 22, 2020

APPLETON, WI (January 22, 2020) – The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading national retirement services company, today announced the acquisition of Owings Mills, MD based Fred S. Shapiro & Associates, Inc. (FSA).

"TRA is off to a great start in 2020 with the acquisition of FSA,” said Matt Schoneman, President of TRA. “FSA is an exceptional firm, led and staffed by exceptional people. With a history of significant business achievements and a client-centric culture, FSA is an ideal fit with TRA.”

FSA’s President Fred Shapiro stated: "We are excited to join forces with TRA. Both companies share a common vision to help clients achieve financial security, as well as a deep commitment to client service. We also place tremendous value on providing independent, team-based consultation to help clients navigate the increasingly complex retirement plan environment.”

“Together, TRA and FSA can fulfill our shared pledge to offer a conflict-free platform that advisors and their clients can depend on,” agreed Schoneman. “We don’t have hidden fees. We don’t have hidden agendas. We offer proactive, best-in-class service to retirement plan professionals and the clients they serve.”

TRA’s Director of Sales Jeff Schreiber noted that “this acquisition helps TRA continue our expansion as a respected national retirement services brand. By partnering with FSA, we’re accelerating our joint mission to deliver comprehensive retirement planning advice to an even greater base of clients.”

About Fred S. Shapiro & Associates, Inc. (FSA)

Since 1997, FSA has effectively and efficiently designed and administered qualified retirement plans to meet its clients’ objectives. Headquartered in Owings Mills, Maryland, FSA specializes in providing customized plan design and implementation, as well as administrative services, for tax-qualified pension and profit-sharing plans.

About The Retirement Advantage, Inc.:

TRA, based in Wisconsin, is a national retirement services company providing third-party administration and fiduciary services to financial advisors, wealth managers and businesses of all sizes. An on-going commitment to providing expert consultation, resources and exceptional customer service has positioned TRA as one of the largest, privately held third-party administrators in the nation. We proudly serve more than 8,500 plan sponsors with more than $8.5 billion in retirement assets under administration. To learn more about our industry leading solutions, please visit www.tra401k.com.

View More Press Releases by The Retirement Advantage [TRA]


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