CAPISTRANO BEACH, Calif., March 31, 2015 /PRNewswire/ -- A group of leading retirement plan advisory firms today announced their intentions to acquire Global Retirement Partners, LLC (GRP), a retirement plan consulting firm servicing over 100 advisors across the US.  Upon closing, GRP will retain its name and GRP's management team will continue to manage day-to-day activities.

Logo - http://photos.prnewswire.com/prnh/20150330/195453LOGO 

The initial firms participating in the acquisition are listed below. 

Established in 2014 as part of GRP's acquisition of Financial Telesis, Inc. (FTI), GRP provides turnkey retirement plan infrastructure, compliance, commissioning, and personnel to advisors who specialize in the retirement space. "We're very pleased to be affiliated with a company [LPL Financial] with a long tenure in the retirement plan business and resources backed by a market cap of more than $4 billion," said Joe DeNoyior, Managing Partner, Washington Financial Group.

"GRP was created by a team of industry thought leaders who have given our collective firms the perfect platform to join forces over shared values," said Chad Larsen, President & CEO, MRP.  "This acquisition represents the culmination of a strategic plan to ensure we continue to lead the industry in delivering value for both plan sponsors and participants.  We want to be not only the best in the industry, but the best for the industry."

In addition, member firms also enjoy access to an in-house former ERISA attorney, out-sourced quarterly due diligence reporting, and the exclusive GRP Advisor Alliance – a turnkey retirement plan advisor affiliate offering marketing, advertising, conferences, tools, financial wellness programs, and investments.  "In my conversations with GRP's leadership, they reinforced their commitment to new programs and offerings that keep a sharp eye toward plan expenses and delivering valuable services to participants," said Mark Temple, Managing Director, Retirement and Benefit Partners.

"We explored a number of options to help take GRP to the next level of growth, and these firms best represented the talent, innovation, and passion to accomplish what we had planned for the retirement planning space," said Bill Chetney, CEO of GRP. "We are excited to move forward with this partnership and to seeing GRP continue to grow for the benefit of advisors."

"The GRP team truly understands the need for worksite education," said Barbara Delaney, Principal of StoneStreet Advisor Group. "Our goal is to drive financial wellness to help increase plan sale opportunities, and GRP's mission to educate and support advisors plays a key role in what we envision as a healthy future for our industry."

For more information, visit http://www.grpfinancial.com/.

About Global Retirement Partners

With a nationwide geographic footprint and a seasoned retirement plan advisor staff, including former FINRA auditors, Global Retirement Partners is positioned to be the world's leading retirement plan consulting firm.  As an exclusive group, its member firms represent the best-in-class institutional consultants in the retirement plan arena.

Media Contact:

Bill Chetney
Email: Email
Phone:  949.359.0021

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/retirement-plan-advisory-firms-to-acquire-global-retirement-partners-300058111.html

SOURCE Global Retirement Partners