Iselin-based World Insurance Associates on Tuesday said it entered into an agreement to purchase Financial Solutions, an independent registered investment adviser based in Waukesha, Wisconsin, adding to the World financial services division led by Troy Hammond, CEO of Pensionmark, a World company.
Financial Solutions specializes in financial planning, retirement planning, tax and estate planning, investment management and risk management services for individual investors and corporations. The firm has assets under management in excess of $950 million and has two additional offices in New Berlin, Wisconsin, and North Barrington, Illinois. Financial Solutions’ leadership team includes Managing Partner Tim McGrath and Partners William Kenton, Kenneth Stuckert and Horace Seely-Brown.
“This is a very strategic acquisition for us, since we are expanding Pensionmark/World’s presence in the Midwest and we have a strategic focus nationally to expand within the wealth management space in general,” Hammond said. “Financial Solutions has a complementary business model in that it bridges wealth and retirement services much like we do. By joining forces, we can strengthen our resources and provide our clients with a highly competitive offering.”
“Our approach to serving our clients is all-encompassing — we help guide them through all stages of their financial lives,” McGrath said. “Joining a strong growth partner like Pensionmark enables us to further elevate our client experience while simultaneously allowing us to maintain our values, vision and existing team to continue delivering the exceptional service our clients expect.”
Park Sutton Advisors, a Waller Helms company, served as financial adviser to Financial Solutions LLC.