Press Release

TRA Completes Acquisition of Rosenfeld/Tortu Retirement Planning Co., Inc.

Issued by TRA [The Retirement Advantage]

Apr. 20, 2021

APPLETON, WI – The Retirement Advantage, Inc. (TRA), an independently-owned, top-tier national retirement services company, today announced the acquisition of Rosenfeld/Tortu Retirement Planning Co., Inc. of Elmsford, NY.

Matt Schoneman, President and Owner of TRA, commented, “We are excited to welcome Rosenfeld/Tortu Retirement Planning customers, employees, and partners to TRA.  We look forward to offering Rosenfeld/Tortu Retirement Planning clients a broader selection of products and services, while maintaining the same exceptional service level that they have come to expect.  On behalf of everyone at TRA, we would like to welcome Rosenfeld/Tortu’s customers and employees to the TRA family.”

Linda Tortu, Owner of Rosenfeld/Tortu Retirement Planning Co., Inc., said, “We have worked closely with the TRA team over the past few months to ensure a smooth transition for our customers and employees.  TRA and Rosenfeld/Tortu Retirement Planning Co., Inc. share complementary business models and core values that focus on client service, industry expertise, and growth.  This will allow for an expansion of overall products and services for our existing clients.”

Howard Rosenfeld, Owner of Rosenfeld/Tortu Retirement Planning Co., Inc. added, “Joining TRA provides both our employees and clients incredible growth opportunities. We are excited to combine our industry expertise and regional presence with TRA to position our employees and clients for long-term success. We are stronger together and we look forward to what the future holds.

“This is an excellent opportunity for both firms to benefit from each other’s unique capabilities,” asserts Jeff Schreiber, TRA’s VP of Distribution. “We believe that our new partnership will still preserve the convenience of the local design expertise yet provide the scale only available from a broader organization.“

About Rosenfeld/Tortu Retirement Planning Co., Inc.:

Rosenfeld/Tortu Retirement Planning Co., Inc. has been providing full-service, employer-sponsored retirement plan administration and actuarial consulting since 1994.  Rosenfeld/Tortu has always focused on providing timely and accurate services, along with creative plan design solutions to meet the business owner’s needs.

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