Fiduciary Services Group Buys Future Planning Associates
Fiduciary Services Group (FSG) has acquired Future Planning Associates, Inc. (FPA), a third-party administration (TPA) and recordkeeping firm based in Vermont.
FPA is FSG’s third TPA acquisition in the past 14 months and its second in New England.
“This acquisition reflects our continued momentum in building a high-quality, scalable retirement services platform,” said Scott David, CEO of Fiduciary Services Group. “FPA’s legacy and longstanding client relationships make them a natural fit as we deepen our investment in New England.”
“FPA brings an experienced team with tenures ranging from eight to 35 years and a 99% client retention rate,” said Kristin McCarthy, head of DWC. “Their decades of specialized knowledge align perfectly with DWC’s service philosophy. Their commitment to value-added client service will elevate our ability to deliver best-in-class administration nationwide, while integration into DWC’s operational infrastructure will enhance FPA’s capacity and resources.”
FPA says the partnership provides a pathway for growth while preserving its goal of offering personalized services. “Joining FSG and DWC is an exciting new chapter for our team,” said Erin R. Helmken, president of FPA. “With FSG’s resources and long-term vision, we can enhance our client offering while staying true to who we are.”
As the firm joins FSG, FPA also brings recordkeeping capabilities. “As our recordkeeping platform approaches sunset, we—like many smaller users—face a critical and potentially costly technology transition,” said Daryl Straw, chief operating officer of Future Planning Associates. “PCS Retirement’s proven ability to transition firms like ours and modernize our systems was a major factor in our decision to join FSG.”
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.