Utah's Alliance Benefit Group purchased

PCS Retirement LLC, a major fiduciary retirement platform based in Philadelphia, has announced the acquisition of Alliance Benefit Group–Rocky Mountain (ABGRM), based in Salt Lake City and with offices in Denver.

Together with ABGRM, PCS Retirement will provide financial advisors, third-party administrators (TPAs) and recordkeeping services for more than 19,000 plans with 850,000 eligible participants representing over $26 billion in assets under administration.

ABGRM provides a comprehensive, independent and conflict-free retirement plan platform for financial advisors, TPAs, plan sponsors and participants. Since being founded over 40 years ago, ABGRM has grown to become one of the largest independent recordkeepers in the western United States, offering solutions for comprehensive retirement benefits through its highly consultative approach, the company said.

“ABGRM and PCS Retirement share a common vision to provide professionals, companies and individuals with an independent and transparent qualified savings platform,” said Chris Mautz, CEO of ABGRM. “We look forward to joining forces and with access to PCS’s resources, we will continue to provide our financial advisors and plans with the industry-leading, full-service recordkeeping solution.”

As part of this transaction, ABGRM management will join the PCS management team.

“ABGRM shares our vision of offering best-in-class retirement plan service and has assembled a very talented team of professionals,” said Mark Klein, CEO of PCS Retirement. “With the addition of ABGRM, we take another step toward our goal to be the go-to firm for advisors who want to offer sophisticated and transparent workplace retirement plans designed to enhance financial security for their clients.”