Registered investment advisor (RIA) Creative Planning announced today its latest acquisition of Mesirow’s corporate retirement advisory services team.
Led by David Dermenjian, Chris Pohlman, Vince Allegra and Chuck Lawless, the corporate retirement advisory services team partners with plan sponsors to manage fiduciary risk, attract and retain employees, and guide them toward achieving optimal retirement outcomes.
As of July 1, 2023, the team services over 350 retirement plans, representing approximately $13 billion in assets under advisement and management. They are also recognized by the National Association of Plan Advisors (NAPA) as a top-defined contribution plan advisor.
“We are excited to welcome Mesirow’s impressive corporate retirement advisory services team into the Creative Planning family,” said Peter Mallouk, CEO of Creative Planning. “Their commitment to tailoring financial solutions while championing social responsibility aligns perfectly with our values. They are well-equipped to address the retirement needs of plan sponsors, plan participants, investors, and non-qualified plans.”
Creative Planning offers comprehensive retirement solutions catering to plans of all sizes, serving a wide range of clients, including publicly traded companies, large private corporations, small businesses, startups, as well as government entities such as cities, municipalities, and housing developments. The Creative Planning Retirement Services Practice provides services to over $137 billion in assets under advisement (AUA).
Carly Bell, head of Retirement Services at Creative Planning, and who led the acquisition, stated, “The acquisition of Mesirow’s corporate retirement team is additive to our existing Retirement Services offering as it brings together industry thought leaders that will continue to expand the comprehensive services available from Creative Planning to plan sponsors and participants.”
“As our business grew, we understood the need to find greater scale and resources,” added David Dermenjian, head of the team. “Our primary goal is to partner with plan sponsors and their employees to drive positive outcomes by providing innovative solutions and best in class client service. Joining Creative Planning allows us to deliver a new set of products, solutions and technologies to our current and future clients, and we’re excited to be part of one of the largest independent RIAs in the country.”
As of July 1, Creative Planning’s assets under management (AUM) are over $245 billion, with businesses spanning across all 50 states and in 65 countries.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.