Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Investment VIPs

Consolidator Acquires Benefits Firm

Your article was successfully shared with the contacts you provided.

National Investment Managers Inc. has acquired Benefits Dynamics Inc. for about $500,000 in cash and notes.

National Investment, New York, is a financial services firm consolidator that is buying pension plan administration, investment management and insurance businesses.

Before National Investment made the National Actuarial acquisition, it was administering 7,100 retirement plans with $6.8 billion in plan assets.

Benefits Dynamics, Cherry Hill, N.J., a firm that was founded in 1979, administers 200 retirement plans with about $200 million in assets. It also runs 100 Section 125 plans.

Jo-Ann Massanova, president of Benefits Dynamics, will stay with the firm after the acquisition, National Investment says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.