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Pensionmark Partners with $7.5 Billion Asset Strategy Consultants

Pensionmark is pleased to welcome its newest affiliate, Asset Strategy Consultants (“ASC”), the first Maryland-based consulting firm to affiliate with the Pensionmark Financial Group network.

This new partnership offers ASC, and their six offices, the leverage, strength, and resources of a national consulting firm while allowing them to maintain their independent business model and unbiased investment guidance. This structure is paramount to the client-advisor relationship and will provide a full-service relationship to their Defined Contribution Clients. ASC noted that their enhanced support on the employee-side will add great value for the Plan Sponsor by allowing them to provide solutions to participants by delivering a more comprehensive suite of services.

Founded in 1991, ASC is a privately held, independent investment management consulting firm with over $7.5 billion in assets under management. The organization is focused on providing unbiased, customized consulting solutions to fiduciaries of endowments and foundations, retirement plans and insurance companies. Principals, Ted Herget, Al Morrison, and John Meehan (Baltimore), along with Regional Directors Kent Fitzpatrick (Boston), Clark Frese (Harrisburg), Ed Boyer (Pittsburgh), and Sara Morgan (Raleigh/Durham), welcome the opportunity to integrate the Pensionmark tools into ASC’s array of services through the Advisor Support Program (ASP). ASC is a SEC registered investment adviser.

“As a part of our 25th Anniversary, I feel that expanding our services with Pensionmark is both a testimony to our strong foundation as consultants and our goal of always offering the highest level of service to our clients. We are confident that this new partnership will deepen our Financial Wellness and Retirement Readiness services to help employees retire with dignity,” commented ASC Co-founder, Al Morrison.

“Pensionmark brings a deep commitment to delivering technology solutions, coupled with a focus on client support, which fits well with what our clients, and the marketplace, needs. Regulations and the complexity of this business are ever increasing and to stay ahead you have to innovate. This partnership will be a competitive advantage we can offer our clients and consultants” said Kent Fitzpatrick, ASC Regional Director in Boston.

“ASC is a well-established, highly respected institutional consulting firm that brings capabilities well beyond your typical defined contribution practice. They are a great addition and will add tremendous value to our national network,” commented Troy Hammond, President & CEO Pensionmark.

About the Pensionmark Advisor Support Program

Pensionmark’s Advisor Support Program provides its affiliates a full-service suite of deliverables and the groundwork needed to position their practices for long-term growth without losing the spirit of independence. In addition to benefiting from the size, strength, and relationships of a national consulting firm, customizable solutions allow the affiliate to select the support level that best suits their business model and client base. Pensionmark’s centralized service design provides time-tested reliability in investment analytics and due diligence monitoring, plan sponsor and participant employee education systems, compliance support, and preparedness of the DOL Fiduciary Rule.