Fiduciary consulting practices form partnershipNews added by Benefits Pro on August 27, 2014

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By Marlene Satter

Two retirement plan consulting service firms have announced a new partnership uniting their fiduciary practices.

The move by Fiduciary Consulting Group, part of Hunt Valley, Maryland-based PSA Insurance & Financial Services Inc., and the PFE Group, a United Capital Partners company and national retirement program consulting firm, will result in an entity advising a combined portfolio of employer retirement plans with assets exceeding $10 billion.

PSA provides risk management, employee benefits, fiduciary consulting for employer sponsored retirement plans and wealth management.

Its FCG division has grown in five years to manage $3 billion in client assets, and has also introduced a proprietary HERO Program that educates and empowers plan participants to save for retirement through debt reduction. In 2013, FCG received the NAPA 401(k) Advisor Leadership Award.

PFE provides retirement plan consulting, investment advice, provider searches, communication and education. It manages a client portfolio with retirement plan assets in excess of $7 billion.

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