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 A Pension Firm

Your article was successfully shared with the contacts you provided.

National Investment Managers Inc. has acquired the Pension Alliance Inc. for about $4.6 million 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 Pension Alliance acquisition, it was administering 8,000 retirement plans with $8 billion in plan assets.

Pension Alliance, Harrisburg, Pa., a firm that was founded in 1988, administers 1,000 retirement plans with about $1 billion in assets.

Renee Conner, chief executive of the Pension Alliance, will has become a National Investment shareholder, and the Pension Alliance brand will not change, 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.