U.S. Retirement Partners Acquires Prominent Utah Firm
Utah Company Joins National 403(b) Provider
ISELIN, N.J., February 5, 2009—U.S. Retirement Partners (USRP), a 403(b) benefits administrator, announced today that it has acquired a prominent Utah company to be part of its national network of providers serving the K-12 teacher market.
Financial Educational Systems Inc. (FES) is a Kaysville, Utah, full-service 403(b) business that was founded by Brent Hill in 1987.
“FES is the leading independent 403(b) organization in the State of Utah. They provide services to all forty school districts and have established themselves as the premier retirement planning firm specializing in the education market,” said Robert C. Dughi, Executive Chairman of USRP.
He noted that FES clients have accumulated over $225 million of assets and that USRP will be assisting their Advisors to expand their business even further.
“With our local presence, and focus on our clients, we feel that our relationship with USRP will help us continue to grow and provide valuable services to our clients,” said Brent Hill, a 30-year veteran of the financial services industry.
“We are very excited about the addition of FES to the USRP family. Brent and team have a great reputation and are well positioned to take advantage of the tools that USRP provides to help them grow their business,” said Mark M. Skinner, President & CEO.
USRP had previously acquired firms in Michigan, Florida, and North Carolina.