July Business Services, LLC (JULY), a national provider of 401(k) plan services to small to mid-sized employers, has acquired Sunwest Pensions, a high-touch, consultative retirement plan recordkeeper and third-party administrator (TPA) based in Tempe, Arizona.
This merger enables JULY to further enhance its services and expand its client base by adding over 500 plan clients. In addition, the acquisition brings onboard 26 professionals from Sunwest Pensions.
“This philosophy perfectly aligns with JULY’s success model, which aims to elevate the experience of employers, their employees, and their financial advisors,” said John Humphrey, CEO of JULY.
Theresa Conti, founder and president of Sunwest Pensions, added, “Since our establishment in 1998, we have always strived to provide our clients with a boutique experience they truly deserve. When selecting a partner to lead our next chapter, it was vital for us to find a company that values and provides growth opportunities for our talented team. JULY is that partner, and we are incredibly proud to be part of this organization.”
Sheri Baker, JULY’s chief financial officer (CFO), said, “JULY’s success reflects a clarity of purpose each of our leaders understands. We see the same commitment to excellence in Theresa Conti and her team. We are excited to welcome them as colleagues.”
This marks JULY’s fourth acquisition in 2023 as the company continues to pursue strategic growth opportunities that align with its culture and tap into valuable talent pools. In May, the company acquired the retirement plan recordkeeping and administration business of HTLF Retirement Plan Services, and in March, it acquired Digital Retirement Solutions.
JULY offers a modern suite of retirement plan solutions aimed at putting workplace plans within the reach of millions of small businesses. Following this acquisition, JULY now serves a client base of over 7,500 clients, comprising 160,000 plan participants and $9.6 billion in plan assets.
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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.
