World Insurance coverage Associates agreed to accumulate Pensionmark Monetary Group, a retirement and monetary planning registered funding adviser supporting greater than $80 billion in belongings.
Monetary phrases of the transaction weren’t disclosed.
The transaction contains Pensionmark’s Advisor Assist Platform, the Pensionmark Monetary Group registered funding adviser and the Pensionmark Securities broker-dealer, World Insurance coverage mentioned in a press launch Wednesday.
Pensionmark, headquartered in Santa Barbara, California, has a community that features greater than 320 advisers and workers throughout 65 U.S. places who work with greater than 4,000 retirement plan purchasers.
Many present Pensionmark advisers will turn out to be fairness house owners in World Insurance coverage, the full-service insurance coverage brokerage mentioned.
Troy Hammond, chief government of Pensionmark, will lead the entire monetary companies initiatives for World to proceed to boost World’s suite of shopper choices. Hammond and the Pensionmark advisers will associate intently with Jennifer Barton of World Insurance coverage’s worker advantages observe to supply a complete complete rewards answer for employers.
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