US-based Bukaty Companies Financial Services has acquired Investment Management Consultants (IMC) and retirement plan consulting firm, 401K Squared, for an undisclosed sum.
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The purchase of the two Colorado-based firms will add 60 retirement plans under management and 210 HNW clients to the company’s Denver operations.
The acquisitions will boost Bukaty’s total assets under management to over $2.6bn.
Following the acquisition, Richard Behr, president of IMC Limited and 401K Squared, will be named as managing director of Bukaty Companies Financial Services’ Denver office.
Bukaty, which currently has eight staff in the Denver area, intends to hire further more staff by the end of this year.
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By GlobalDataBukaty Companies Financial Services president Vince Morris said: "We’ve developed a client service model that assists with fiduciary responsibilities, simplifies plan administration services and enhances retirement outcomes."
Behr said: "Our companies are deeply committed to service, and to protecting individuals’ quality of life, and joining forces will only enhance this."
