As part of an ongoing strategic growth effort, July Business Services announced that it has acquired Sunwest Pensions, a retirement plan recordkeeper and TPA based in Tempe, AZ.
This strategic merger enables JULY to further enhance its services and expand its client base by adding over 500 plan clients, according to the announcement. In addition, the acquisition brings on board 26 experienced professionals from Sunwest Pensions.
In noting that it takes pride in its “high touch, consultative service model,” which leverages advanced technologies to simplify and automate retirement plan setup and operation, July CEO John Humphrey observes that Sunwest’s business philosophy and culture fits well with JULY's commitment to strategic growth. “This philosophy perfectly aligns with JULY's success model, which aims to elevate the experience of employers, their employees, and their financial advisors,” stated Humphrey.
“Since our establishment in 1998, we have always strived to provide our clients with a boutique experience they truly deserve,” adds Theresa Conti, founder and president of Sunwest Pensions. “When selecting a partner to lead our next chapter, it was vital for us to find a company that values and provides growth opportunities for our talented team. JULY is that partner, and we are incredibly proud to be part of this organization.”
This marks JULY's fourth acquisition in 2023, as the company continues to pursue strategic growth opportunities that align with its culture and tap into valuable talent pools.
Following this acquisition, JULY now serves a client base of over 7,500 clients, comprising 160,000 plan participants and $9.6 billion in plan assets, according to the announcement.
