U.S. Retirement Partners Acquires Prominent Texas Firm
Texas Company Joins National K-12 403(b) Leader
Iselin, N.J., April 20, 2011—U.S. Retirement Partners (USRP) announced today that it has acquired Momentum Financial Group (MFG), a firm that will be part of USRP’s national network of 403(b) providers serving the K-12 education market.
MFG, with headquarters in Houston, Texas, was founded in 2003. The organization is led
by Bilal Aquil and Gerald Brooks, whose backgrounds and skill sets have proven to be complementary and have resulted in a great deal of success in their chosen market. MFG distributes their products and services to more than 20 school districts in south Texas, with their 16 Advisors servicing over 6,000 clients.
“Our new relationship with USRP will open up many more doors and opportunities for our organization,” stated Bilal Aquil, MFG Co-President and Co-CEO. He then added, “Being part of a national company gives Momentum the higher profile that we needed to be considered for additional marketing opportunities in our region.”
“The access to new technologies, the Client Relationship Management (CRM) System, prospecting programs and other client planning tools, gives our Advisors a distinct advantage over our competitors,” said Gerald Brooks, MFG Co-President and Co-CEO.
“Momentum is a very well-respected and successful organization, which fits nicely into our overall “Texas Strategy.” With this acquisition, our fourth Texas Partner Firm, USRP continues to develop a major footprint in the lucrative Texas market, and has become a dominant distributor in the market,” said Mark M. Skinner, President and CEO of USRP.