NFP announced that is has acquired Pension Solutions, Inc. (Pension Advisors), as part of an effort to expand its retirement consulting and wealth management capabilities in the firm’s Central region.
Founded in 1999 and based in the Cleveland metro area, Pension Advisors is a retirement consultant and wealth advisory firm with experience serving midsized employers. 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.”
M&A consulting firm Wise Rhino Group advised Pension Advisors in the transaction, which closed effective Dec. 31, 2020, according to the announcement.
