With the addition of PFS, Strongpoint has 4,000+ plans under administration, clients in over 40 states, and more than $7B in total assets under administration
Strongpoint Partners, a tech-enabled financial services platform focused on third-party administration of retirement plans, recordkeeping, payroll and HR solutions for SMBs, announced a new partnership with Pension Financial Services (“PFS”), a leading retirement third-party administrator (TPA) headquartered in Duluth, GA.
“This partnership has been a long time coming”
The partnership with PFS expands Strongpoint’s reach and expertise throughout the Southeast United States. It also further elevates Strongpoint’s position as the leading financial services platform and growth partner for TPA founders and leaders looking to build upon their company’s legacies. Backed by Shore Capital Partners (“Shore” or “Shore Capital”), a Chicago-based private equity firm focused on microcap investing, Strongpoint combines an integrated software platform for outsourced retirement services alongside a relentless passion for service and innovation.
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Founded in 1982 by Earle Garvin, PFS brings the highest caliber actuarial and retirement planning services to more than 800 clients throughout the Southeast. With the addition of PFS to its family of brands, Strongpoint now has over 4,000 plans under administration, serves clients in more than 40 states, and manages more than $7B in total assets under administration, making the company one of the leading, fully U.S.-based TPA firms in the industry.
“For over 40 years, our mission at PFS has been to help plan sponsors create brighter futures for their employees,” said Earle Garvin, Founder and Principal of PFS. “Having the ability to navigate the retirement services industry’s ever-evolving regulatory landscape and market dynamics, without sacrificing the personalized service core to the PFS brand, was central to our decision to partner with Strongpoint. Strongpoint will not only invest in modernizing our infrastructure and maximizing our growth, but will also enable us to service our clients with the same care, accuracy and customer-centric support that has defined us since our founding.”
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“This partnership has been a long time coming,” said Danny Hest, Chief Executive Officer of Strongpoint. “Earle is a well-respected leader within the industry and shares our people-first approach to serving plan sponsors and participants across the small and medium-sized business community. From the first day we put our organizational vision down on paper, we knew that Earle was the type of leader we wanted to join us on this journey. His team has been incredible throughout this process – we’re so excited by the relationships they’ve already built across the organization and are thrilled by the industry experience and expertise they will bring to Strongpoint. When your organizational ethos is ‘stronger together,’ it’s impossible to have too many good people – and Earle and his team at PFS are a very welcome addition to the Strongpoint Family!”
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