NEW YORK - February 1, 2021 - NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced the acquisition of Pension Solutions, Inc. (Pension Advisors). The transaction closed effective December 31, 2020.
Founded in 1999, Pension Advisors is a retirement consultant and wealth advisory firm based in the Cleveland, Ohio metro area. The firm brings sophisticated retirement capabilities with experience serving midsize employers, providing an opportunity for NFP to grow its retirement and wealth management presence and add a team of experienced retirement professionals. Firm principals David Krasnow and Beth Krasnow will join NFP's Central region as senior vice presidents and report to Nick Della Vedova, president of NFP's retirement division.
'We're thrilled to welcome the Pension Advisors team to NFP,' said Della Vedova, 'We remain focused on adding to our offerings and growing our capabilities, and David, Beth and their colleagues will support that growth. They're a highly experienced group of professionals with a deep knowledge of the Cleveland market that will help us expand in the Central region.'
'NFP's commitment to providing comprehensive offerings to meet client needs aligns with our values,' said Beth Krasnow. 'We're focused on providing tailored solutions to our clients, so joining NFP gives us access to more resources to better serve our clients.'
'We're excited to join NFP and take an important step to accelerate our growth,' said David Krasnow. 'NFP's wide range of offerings, collaborative community and strong momentum will enhance the value we deliver to clients.'
M&A consulting firm Wise Rhino Group advised Pension Advisors in the transaction.