Press Release

ULY Acquires Sunwest Pensions to Expand Its National Presence

Issued by JULY Business Services

June 20, 2023

JULY fuels growth with its fourth strategic transaction in 2023

Waco, TX – July Business Services, LLC (“JULY”), a leading national provider of 401(k) plan services to small to mid-sized employers, is pleased to announce the successful acquisition of Sunwest Pensions, a high-touch, consultative retirement plan recordkeeper and TPA based in Tempe, AZ. This strategic merger enables JULY to further enhance its services and expand its client base by adding over 500 plan clients. In addition, the acquisition brings onboard 26 highly experienced professionals from Sunwest Pensions.

JULY takes pride in its high touch, consultative service model, which leverages advanced technologies to simplify and automate retirement plan setup and operation. The business philosophy and culture of Sunwest Pensions align perfectly with JULY’s commitment to strategic growth. John Humphrey, CEO of JULY, expressed his admiration for Sunwest’s dedication to client success and investment in the professional development of its team. Humphrey said, “This philosophy perfectly aligns with JULY’s success model, which aims to elevate the experience of employers, their employees, and their financial advisors.”

Theresa Conti, founder and president of Sunwest Pensions, shared her thoughts on the partnership, stating, “Since our establishment in 1998, we have always strived to provide our clients with a boutique experience they truly deserve. When selecting a partner to lead our next chapter, it was vital for us to find a company that values and provides growth opportunities for our talented team. JULY is that partner, and we are incredibly proud to be part of this organization.”

Sheri Baker, JULY’s CFO, added, “JULY’s success reflects a clarity of purpose each of our leaders understands. We see the same commitment to excellence in Theresa Conti and her team. We are excited to welcome them as colleagues.”

This marks JULY’s fourth acquisition in 2023 as the company continues to pursue strategic growth opportunities that align with its culture and tap into valuable talent pools.

Following this acquisition, JULY now serves an impressive client base of over 7,500 clients, comprising 160,000 plan participants and $9.6 billion in plan assets.

About JULY:

JULY offers a comprehensive suite of modern retirement plan solutions, with a focus on making workplace plans accessible to millions of small businesses. Leveraging proprietary technology solutions, JULY simplifies and automates all aspects of retirement plan setup and operation. Additionally, the company’s high-touch service model ensures a superior experience for employers, employees, and financial advisors. Presently, JULY serves more than 7,500 401(k), cash balance, defined benefit, and other retirement plans across the United States. The company also provides expert white label, co-branded, and back-office support for other organizations.  Please visit us at www.julyservices.com to learn more.

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