Fiduciary Services Group (FSG), the parent company of DWC and PCS Retirement, announced that it has acquired Future Planning Associates, Inc. (FPA), a Vermont-based third-party administration and recordkeeping firm founded in 1974.
The deal marks FSG’s third TPA acquisition in the past 14 months and its second in New England, underscoring the company’s strategy of integrating high-performing TPAs into DWC, its national TPA platform. FPA has built a reputation over more than five decades for technical expertise, creative plan design, and client service, and brings a team with tenures ranging from eight to 35 years, along with a reported 99 percent client retention rate.
With the acquisition, FPA will integrate into DWC’s operational infrastructure while continuing to serve its clients. FSG leadership said the transaction advances its efforts to scale a high-quality retirement services platform across the country, while strengthening its footprint in the New England region.
In addition to its TPA services, FPA brings recordkeeping capabilities. As its existing recordkeeping platform nears sunset, the firm faced a significant technology transition. FPA cited PCS Retirement’s experience in modernizing systems and transitioning firms as a key factor in its decision to join FSG.
FSG said the integration aligns with its broader mission of bringing together independent TPAs and recordkeepers focused on quality, independence, and client-first service.
Future Planning Associates was advised on the transaction by Wise Rhino Group, which served as its exclusive M&A advisor.
KEY QUOTES:
“This acquisition reflects our continued momentum in building a high-quality, scalable retirement services platform. FPA’s legacy and longstanding client relationships make them a natural fit as we deepen our investment in New England.”
Scott David, CEO, Fiduciary Services Group
“FPA brings an experienced team with tenures ranging from 8 to 35 years and a 99% client retention rate. Their decades of specialized knowledge align perfectly with DWC’s service philosophy. Their commitment to value-added client service will elevate our ability to deliver best-in-class administration nationwide, while integration into DWC’s operational infrastructure will enhance FPA’s capacity and resources.”
Kristin McCarthy, Head of DWC
“Joining FSG and DWC is an exciting new chapter for our team. With FSG’s resources and long-term vision, we can enhance our client offering while staying true to who we are.”
Erin R. Helmken, President, Future Planning Associates
“As our recordkeeping platform approaches sunset, we—like many smaller users—face a critical and potentially costly technology transition. PCS Retirement’s proven ability to transition firms like ours and modernize our systems was a major factor in our decision to join FSG.”
Daryl Straw, Chief Operating Officer, Future Planning Associates
