A Pennsylvania firm has announced the acquisition of Valparaiso-based SES Advisors. In addition to the Porter County business administration and consulting company, Ascensus has acquired Swerdlin & Co. in Georgia. The employee stock ownership plan transaction and financial advisory arm of SES Advisors was not part of the transaction and will remain with its current owners under the name SES ESOP Strategies Inc.
Ascensus President David Musto says "the ESOP capabilities and expertise of Swerdlin & Company and SES Advisors helps Ascensus deliver an even broader set of product solutions to its new and existing clients. In addition, the business, personal, and ethical standards to which these companies adhere when working with their clients align perfectly with our own Core Values – we couldn’t be happier to welcome Swerdlin & Company and SES Advisors to the Ascensus family."
Ascensus says, as of March 31, it had more than $187 billion in total assets under administration through its work on retirement plans, 529 education savings accounts, ABLE savings accounts, IRAs and health savings accounts.