Strongpoint also reflects on how partner collaboration, product
expansion, and a growing sales infrastructure is fueling a record
year for organic growth and positioning the Strongpoint Partners
Family of Brands to capitalize on expanding market
opportunities
CHICAGO, July 18,
2024 /PRNewswire-PRWeb/ -- Strongpoint Partners
("Strongpoint"), a tech-enabled financial services platform focused
on third-party administration of retirement plans, recordkeeping,
payroll, and HR solutions for SMBs, announced a new partnership
with Retirement Planning Consulting Group ("RPCG"), a
solutions-focused retirement consulting firm based in Connecticut that has proudly served the
greater Hartford region and the
surrounding small-business community for more than 35 years. With a
team of New England-based employees, RPCG has built its reputation
on its depth and breadth of expertise in retirement strategy
optimization. From combo Defined Benefit/Defined Contribution plans
for solo practitioners to partnership strategies, to
employee-focused traditional 401(k)s, RPCG customizes plan design
with a focus on outcomes that work.
"What made Strongpoint especially unique
was the culture of collaboration they had built within their
partners." - Claire May, Founder of
RPCG
With the addition of RPCG, Strongpoint Partners now has over 270
employees across the United
States, and serves over 8,000 unique clients across its
retirement, recordkeeping, and Payroll & HR solutions.
"Our situation was a little unique relative to many other
Strongpoint Partners, as we were a brokered deal," said
Claire May, President of RPCG.
Fred Bloodgood from Wise Rhino Group
served as the sell-side advisor to RPCG. "While our timeline
precluded us from experiencing the full partnership engagement
process at Strongpoint, we had heard, both directly and
anecdotally, that what made Strongpoint especially unique was the
culture of collaboration they had built within their partners. I
was committed to understanding exactly what that meant before we
moved forward."
"We relish the opportunity to get as many of our amazing team
members in front of potential partners as possible," said Danny
Hest, Strongpoint Partners' CEO, "and knowing Claire's reputation,
her involvement in the industry, and her focus on client-first
service, we wanted to give her a chance to connect with other
founders and leaders to hear directly from them what it means to be
a Strongpoint Partner and why we're all so proud of what we're
building."
"The time I spent with Danny and understanding his vision for
Strongpoint was significant to this process, but what really moved
me was the time spent with other Strongpoint leaders," said May. "I
already knew Earle [Garvin, Founder of PFS], and he gave me great
perspective on what it means to be a founder at Strongpoint. His
level of engagement and how excited he was about the future of
Strongpoint was instrumental in my decision process. So was
Toni Superneau, President of RSG.
While I will remain a key figure in RPCG going forward, my goal is
to focus on my specialties in client engagement, plan design, and
consulting, and transition day-to-day operational leadership to my
next-in-line team. Hearing from Toni on how smooth her transition
to the President role has been, how supported she feels by her
colleagues at RSG and the leadership across Strongpoint, and her
excitement over the more than 25% revenue growth they've seen since
joining Strongpoint Partners was the icing on the cake that I was
making the right decision by joining."
"It was a perfect fit for RPCG with Strongpoint's vision, core
values, and commitment to service," added Bloodgood.
Collaboration Fueling Explosive Growth
"As Strongpoint has grown to nine TPAs, with more scheduled to
join in 2024, we've seen collaboration drive growth that has
surpassed our expectations," said Hest. "From partners working
together on our Retire Easy program, which has given multiple
founders of smaller firms a path to retirement not previously
available to them, to collaboration on custom Defined Benefit &
Cash Balance Solutions, 403(a) plans, ESOPs, 3(16)s, MEPs and PEPs,
to optimizing implementation procedures and enhancing our
client-facing technology tools, the partnership and teamwork we've
seen at every level of our organization has become the fuel driving
our growth."
"When we first joined, we believed in a vision for what
'Stronger Together' could mean," said Nick
Jocelyn, President of Jocelyn Pension Consulting. "But to
see how far it has come continues to amaze me. We were the second
partner to join Strongpoint in late 2022, joining before much of
today's Strongpoint leadership was even here. What we've been able
to accomplish in partnership with that team is nothing short of
astonishing."
Jocelyn, like RSG, has seen high watermark organizational growth
over the past year. From expanding its service profile through the
introduction of Strongpay, to record-setting organic sales, to
collaborating with experts from HowardSimon, Pollard, Carlson Quinn, and others to tackle unique and
complex client demands, the growth has driven a change in
perspective for Jocelyn's leadership.
"We knew what we were capable of," said Jocelyn. "We just needed
the tools to get there. Strongpoint unlocked something amazing in
us and our team, supported us in building the tools we needed to
support this type of growth, and helped us bring it to life. Now,
we also get to contribute to the same for new partners by sharing
our experience with what's been so successful, why, and how it can
be replicated. It's amazing to be a part of something where we're
both learning and sharing our knowledge and experiences every day
with the incredible team that calls Strongpoint Partners home."
To learn more about Strongpoint Partners, please visit
www.strongpointpartners.com or email
info@strongpointpartners.com.
About Strongpoint Partners
Strongpoint Partners is a fast-growing, tech-enabled financial
services platform that provides third-party retirement
administration ("TPA"), recordkeeping, and integrated payroll and
HR technology solutions for small and medium businesses.
Strongpoint's suite of services prioritizes accuracy, compliance,
and reduction of regulatory risk for its clients, delivered by
local client success teams that understand the nuances of the
markets they serve. With a coast-to-coast network of leading firms
including HowardSimon, Jocelyn Pension Consulting, Retirement
Strategies Group ("RSG"), Retirement Planners and Administrators
("RPA"), Pension Financial Services ("PFS"), Pollard &
Associates, Carlson Quinn, SI GROUP,
and Retirement Planning Consulting Group ("RPCG"), Strongpoint
Partners combines a relentless passion for service and innovation
with the experience and expertise required to make retirement work
for everyone. For more information, please visit:
www.strongpointpartners.com.
About RPCG
RPCG was formed in 2018 through an acquisition from Rosen &
Associates, a leading CPA group in Westborough, Massachusetts who specialized in
accounting and TPA services for Dental Practices in New England.
The origins of the RPCG TPA date back to the 1970's and it has
operated under various ownerships since then. Due to extensive
experience with dental practices, RPCG understood their needs and
custom-designed plans to meet their objectives. The introduction of
Cash Balance Plans created a mutually beneficial situation for both
the dental community and financial advisors. RPCG has built a solid
reputation for high-quality, personalized services for plan
sponsors and their advisors. RPCG's staff includes Enrolled
Actuaries, ASPPA credentialed Certified Pension Consultants, NIPA
members and Pension Professionals.
About Shore Capital Partners
Shore Capital, a Chicago based
private equity firm with offices in Nashville, is an investor in microcap
companies in the Healthcare, Food and Beverage, Business Services,
Industrial, and Real Estate industries. Shore's strategy is to
support management partners to grow faster with less risk, through
access to capital, world class board and operational resources, and
unmatched networking, development, and shared learnings across the
portfolio. From 2020-2023 Shore received recognition from Inc
Magazine as a 4x Top Founder Friendly Investor and by Pitchbook
research for being the global leader in Private Equity total deal
volume. Shore targets investments in proven, successful private
companies with superior management teams, stable cash flow, and
significant potential to grow through industry consolidation and
organic growth to generate value for shareholders. Shore has over
$7 billion of assets under management
and in additional investment platforms to which it provides
business and operational consulting services. For more information,
including with respect to these awards and investment platforms,
please visit: www.shorecp.com.
Media Contact
Michael
Heflin, Strongpoint Partners, 1 (309) 301-2231,
media@strongpointpartners.com,
http://www.strongpointpartners.com
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SOURCE Strongpoint Partners