PSA Insurance & Financial Services Strategically Aligns with The PFE Group

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Partnership Dramatically Bolsters Companies’ Fiduciary Consulting Capabilities

HUNT VALLEY, Md. – August 26, 2014 – Hunt Valley-based PSA Insurance & Financial Services, Inc. and national retirement program consulting firm The PFE Group, a United Capital Financial Partners Company, today announced a strategic partnership to unite the companies’ fiduciary consulting practices.

The alliance merges two industry leaders in retirement plan consulting services to advise a combined portfolio of employer retirement plans with assets exceeding $10 billion. With this strategic partnership, PFE and PSA’s Fiduciary Consulting Group (FCG) clients will have access to greater resources, forward-thinking solutions, unprecedented client services, and a cadre of the most respected, deeply experienced leaders within the industry.

“I am very pleased with this new stage of growth for PSA, our employees and clients,” said Chip Lewis, Jr., CFP®, managing director of PSA. “The PFE Group is the perfect partner for us in so many ways. They are like-minded professionals who share the same business philosophies and approach that PSA clients have grown to value over the years. Their team of professionals is extraordinarily accomplished and their technology resources are truly best-in-class.”

In just five short years, PSA has grown FCG to manage nearly $3 billion in plan assets, while continuing to provide and expand upon its exceptional client services through the introduction of its proprietary HERO Program which educates and empowers plan participants to save for retirement through debt reduction. The team boasts a near-100 percent client retention level that is tops in the industry. FCG has received recognition from the industry’s leading authorities, including the coveted NAPA 401(k) Advisor Leadership Award in 2013.

With a national presence and as a partnering United Capital company, The PFE Group maintains keen industry insight and an exclusive focus on retirement plan consulting, investment advice, provider searches, and communication and education. PFE manages a prestigious client portfolio with retirement plan assets in excess of $7 billion.

“This partnership represents tremendous opportunity for both organizations,” said Wayne Bogosian, president and managing director of The PFE Group. “PSA has had remarkable success in establishing themselves as an elite player in the retirement plan market. Their talented staff, combined with the breadth and scope of our enterprise represent a very exciting future for us all.”

For additional information about PSA Insurance & Financial Services, visit Please direct all media inquiries to Josie Hankey at 410-420-2001 or by email at

About PSA

In business to protect and grow the assets of their clients since 1928, PSA is the mid-Atlantic’s leading independent multi-disciplined financial services firm specializing in risk management, employee benefits, fiduciary consulting for employer sponsored retirement plans and wealth management. With vast knowledge, experience and resources, PSA delivers national caliber capabilities to clients with the attention of a local partner. To learn more, visit

About The PFE Group

Since 1996, The PFE Group has been helping plan sponsors with the myriad of activities associated with operating qualified and non-qualified retirement plans. Be it fiduciary oversight, plan design, or evaluation and selection of administrative vendors and investment managers, PFE has the in-depth experience and objectivity to get the job done on time and on budget. Our goal for every client is the same: an ERISA compliant plan, which provides below market cost administration and best in class investment managers. To learn more, visit