Ascensus Acquires Swerdlin and SES Advisors

By ASPPA Net Staff • June 20, 2018 • 0 Comments
Ascensus announced June 19 the acquisition of Swerdlin & Company and SES Advisors. Both firms will become part of the firm’s TPA Solutions division.

Swerdlin & Company provides actuarial, consulting, administrative and recordkeeping services for all types of retirement, health and cafeteria plans, including 401(k)s, cash balance plans, ESOPs and health reimbursement accounts.

SES Advisors specializes in employee stock ownership plan (ESOP) administration, consulting, and recordkeeping services. The firm’s ESOP transaction and financial advisory practice was not part of the transaction; that business will continue under its current ownership and will be rebranded as SES ESOP Strategies, Inc.

“The ESOP capabilities and expertise of Swerdlin & Company and SES Advisors helps Ascensus deliver an even broader set of product solutions to its new and existing clients,” said Ascensus President David Musto in a press release. “In addition, the business, personal and ethical standards to which these companies adhere when working with their clients align perfectly with our own Core Values — we couldn’t be happier to welcome Swerdlin & Company and SES Advisors to the Ascensus family.”

“Both Swerdlin & Company and SES Advisors offered an exciting opportunity to advance our immediate and long-term growth plans via product and geographic expansion,” says Raghav Nandagopal, Ascensus’ executive vice president of corporate development and M&A. “Swerdlin & Company is a strong, market-leading TPA in the Atlanta region that offers diversified retirement services, while SES Advisors is an ESOP specialist that will immediately make TPA Solutions a leader in this area of the market,” he continued, adding, “We look forward to helping both of these companies continue to grow as part of Ascensus TPA Solutions.”