U.S. Retirement Partners Acquires Leading Texas Firm
Texas Company Joins National 403(b) Provider
Iselin, N.J., December 31, 2010—U.S. Retirement Partners (USRP) announced today that it has acquired Inspire Financial Group (IFG), a firm that will be part of USRP’s national network of 403(b) providers serving the K-12 education market.
IFG, with headquarters in Richardson, Texas, was founded in 1997. The organization is lead by Tyson and Korbin King (brothers), whose skill sets have proven to be complementary, and have resulted in a great deal of success in their chosen market. This market consists of roughly 75 school districts, of which 50 are in Texas and the balance are located in southern Oklahoma. They have a direct working relationship with the Third Party Administrator (TPA) in 40 of these districts. IFG distributes their products and services through its eleven Advisors, which have accumulated more than $150M in their over 5,000 client accounts.
“The word “Inspire” means “to animate with an idea or purpose.” That’s what we do. We help clients with financial products and services to help make their dreams become real, and we inspire them to stick with and update their program. Our Advisors meet with every client at least once each year, and they will be there if anyone needs our help at any time,” said Tyson King, IFG President and Founder.
“IFG is a very well-respected and successful organization, which fits nicely into our overall “Texas Strategy”. With the acquisition of IFG, and the pending closing of a third Texas firm, USRP has developed a major footprint in the lucrative Texas market, and has become the dominant distributor in the market”, said Mark M. Skinner, President and CEO of USRP.