U.S. Retirement Partners Acquires Prominent Florida Firm
Fort Lauderdale Area Company Joins National 403(b) Provider
ISELIN, N.J., Sept. 2, 2008—U.S. Retirement Partners, which recently launched as a 403(b) benefits administrator, announced today that it has acquired a prominent south Florida company to be part of its national network of providers serving the K-12 teacher market.
Stephen H. Greenberg & Associates of Weston, Fla., will continue to run its own business as part of U.S. Retirement Partners (USRP), which offers leading 403(b) regional firms a partnership in a national network that provides access to more advanced administrative products and services, broader best practices expertise, a wide array of retirement investments, sophisticated marketing tools and other resources.
Stephen H. Greenberg & Associates serves 3,000 clients in the Fort Lauderdale/ Miami area. It was founded 29 years ago and has about $165 million in assets. Greenberg, who is nationally known in the 403(b) industry, has been ING’s “Representative of the Year” in three of the past four years and serves the global financial company in several advisory capacities.
“There is growth in the 403(b) marketplace and this relationship with USRP puts us in a good position to continue to capitalize on our local expertise while leveraging the resources of a national company,” said Greenberg.
USRP drew funding for this and two other recent acquisitions from Centre Partners, a leading middle-market private equity firm with offices in New York and Los Angeles.
“Stephen Greenberg has been a leader in our industry for a long time and we are pleased to add his expertise to our network of partners,” said Robert C. Dughi, executive chairman of the board of USRP.