PSA Insurance & Financial Services Announces Partnership with United Capital Financial Advisers in its Wealth Management and Retirement Plans Practices
Posted in: News
Partnership enhances companies’ wealth management and fiduciary consulting services
HUNT VALLEY, Md. – November 5, 2015 – PSA Insurance & Financial Services today announced the transition of its wealth management practice to United Capital Financial Advisers, LLC (United Capital). In an additional strategic effort to focus on providing clients with the best services possible, PSA has formalized a separate transaction with United Capital to have its retirement plan consulting affiliate, The PFE Group (PFE), manage the company’s retirement plans practice.
Wealth management clients will continue to work with the former PSA team and now have access to United Capital’s deep industry expertise in wealth management advice, investment management, financial planning and client service. PSA’s retirement plan clients have worked with PFE since August 2014 and will continue to receive fiduciary oversight, plan design, investment advisory, communications and education support from the same group of experts. This transaction formalizes the transition of the business to PFE.
“PSA is always seeking ways to improve our services to clients through additional resources, technologies and talent,” said Chip Lewis, Jr., CFP®, managing director of PSA. “We worked tirelessly to identify a partner that would serve the best interests of our wealth management and retirement plan clients. Sharing our philosophies and principles, United Capital and PFE blend in-depth industry knowledge with time tested process and industry-leading tools and reporting that we believe will take the client experience to the next level.”
Former managing director of United Capital’s Buffalo office, Will Kelly will become the new wealth management practice leader for the former team from PSA, providing strategic direction and spearheading growth initiatives for the practice. Kelly will relocate and join the team, which will remain in PSA’s Hunt Valley headquarters and become United Capital’s anchor office in the Baltimore market. With 74 nationwide offices managing approximately $15 billion in assets, United Capital brings extensive resources and knowledge to PSA’s wealth management advisers.
“PSA gets so many things right when it comes to their commitment to clients and investing in great talent,” said Kelly. “I’m excited to work with our advisers and help them enhance the client experience with United Capital’s unique approach and creative tools that have in large part been connected to the firm’s rapid growth.”
PFE and PSA partnered in August 2014 to advise PSA retirement plan clients. Senior Retirement Plan Consultant Mike Miller, AIF®, CRPS® will continue to oversee this practice.
“I have had the opportunity to work with the PSA team and our new retirement plan clients for some time, and it’s been an extraordinary experience,” said Miller. “There is such a great working dynamic between our plan sponsors and the hard-working professionals at PSA. I look forward to building upon the positive relationships we have in place and expanding our presence throughout the country.”
PSA will continue to serve more than 4,000 commercial enterprises and 6,000 individual clients in its employee benefits, commercial risk management and personal lines divisions. For additional information about PSA, visit www.psafinancial.com. Please direct all media inquiries to Josie Hankey at 410-420-2001 or by email at Josie.Hankey@FallstonGroup.com.
In business to protect and grow the assets of our clients since 1928, PSA is the mid-Atlantic’s leading independent multi-disciplined financial services firm specializing in risk management and employee benefits. Our vast knowledge, experience and resources enable us to deliver our clients national caliber capabilities with the attention of a local partner.
About United Capital Financial Partners
United Capital Financial Partners, Inc., the parent company of United Capital Financial Advisers, LLC (“United Capital”) and its retirement plan consulting affiliate PFE Advisors, Inc., is an independent financial life management firm. United Capital is a Registered Investment Adviser (RIA) offering client objective advice and an open architecture platform that enables a wide array of investment management solutions tailored specifically to client needs. Today, United Capital has approximately $15 billion in assets under management and 79 offices around the country. For more information, please visit www.unitedcp.com.
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 www.pfegroup.com.