Wise Rhino Group Announces Client Acquisition

Wise Rhino Group, a mergers and acquisition (M&A) advisory practice representing wealth and retirement advisory and third-party administration (TPA) firms, announced that its’ client, Karel-Gordon & Associates has been acquired by Strongpoint Partners.

Founded in 1975, Karel-Gordon & Associates is a pension consulting, actuarial, and administration firm based in Deerfield, Illinois. Karel-Gordon & Associates works in partnership with financial advisors, tax professionals, and attorneys to best serve their clients.

 “The partnership of these two Chicago-based firms further bolsters Strongpoint’s actuarial talent and expertise in defined benefit plans while providing the Karel-Gordon team access to expanded services offerings such as payroll and HR solutions,” _shares Peter Campagna, Managing Partner at WRG. “We could not be more excited to have played a hand in the joining of these two incredible teams.”

“With this being the third TPA firm that Wise Rhino Group has represented in 2024; we are very optimistic for what lays ahead for the industry in coming years,” adds WRG Partner Scott Erskine. “With an influx of new capital partners, advancements in technology and automation, as well as service quality improvements driven by scale, we are encouraged by a fresh wave of innovating firms looking for talented leaders and teams like the ones at Karel-Gordon.”