Edelman Financial Buys $1.5B Retirement Firm

Edelman Financial Engines announced Wednesday that is acquiring New England Pension Plan Systems, the retirement plan consulting firm, as well as New England Investment Consultants, its affiliated registered investment advisor.

New England Pension Plan Systems is a national retirement plan consulting firm that provides advisory and consulting services to employee benefit plans and their participants.

Both entities are headquartered in Providence, Rhode Island, and have the majority of their joint clients in New England. The firms serve some $1.5 billion in assets under management across more than 500 clients, making this Edelman Financial’s largest acquisition (based on AUM) since the firm started purchases in 2021.

In addition to serving retirement plans, New England Pension Plan Systems also provides personalized comprehensive financial planning and investment management to individuals, trusts, estates and charitable organizations.