February 02, 2012 11:30 ET

P-Solve Merges With Cassidy Retirement Group to Expand Its US Corporate Retirement Benefits Planning Business

FRAMINGHAM, MA--(Marketwire - Feb 2, 2012) - Investment consultant and fiduciary manager P-Solve has completed the merger of its US subsidiary with long-established retirement planning consultancy Cassidy Retirement Group.

Key points:

  • Acquisition forms a new business in the P-Solve Group: P-Solve Cassidy
  • P-Solve deepens its actuarial and retirement plan design expertise and can now better provide clients with fully integrated, end-to-end fiduciary management solutions for defined benefit pension plans in the USA.
  • Cassidy Retirement Group ("CRG") also provides P-Solve with enhanced capability in the design and implementation of defined contribution and hybrid retirement plans.
  • The P-Solve group now has over $37 billion in assets under advice and over $13 billion in assets under management from more than 175 clients.
  • As part of an ongoing strategy to increase its presence in the corporate retirement benefits planning market, the move means P-Solve can offer its award-winning approach to fiduciary investment, risk management and governance to a wider range of corporate clients in the USA.

The new entity will operate from a new address in 2012.

Daniel P. Cassidy, Founder/President of Cassidy Retirement Group and the incoming co-head of P-Solve's US business explains: "We have had an effective, results-based working relationship with P-Solve for many years. Our clients will benefit from the depth of investment skill and experience that P-Solve provides, which increases our ability to provide cost-effective, fully-integrated retirement solutions."

A nationally-recognized thoughtleader focused on managing retirement plans within an enterprise risk environment Cassidy is author of "A Manager's Guide to Strategic Retirement Plan Management" published by John Wiley & Sons, Inc.

P-Solve Managing Director and co-head of P-Solve's US business, Ryan McGlothlin said: "The addition of Cassidy Retirement Group will allow P-Solve to offer more fully integrated investment and actuarial solutions for the management of defined benefit pension and other retirement plans. CRG and P-Solve share a commitment to providing excellent client service to the mid-market, which will continue to be our area of focus."

All CRG employees will be joining P-Solve in similar roles and all existing CRG and P-Solve clients will continue to be provided with the same high standard of service to which they have become accustomed.

P-Solve is a leader in the provision of fiduciary management solutions for defined benefit pension plans. The addition of CRG's actuarial and plan design expertise will allow P-Solve to provide clients with cost-effective and seamless retirement plan management solutions. The effective management of defined benefit pension plans, particularly ones that have been frozen, requires an integrated approach between actuaries, investment professionals and plan sponsors. These services can be provided most efficiently from a single platform where the incentives and fiduciary responsibilities of all parties are properly understood and aligned.

For more details or to arrange an interview, call P-Solve PR Director Ken Lizotte at 978-371-0442 or email

About P-Solve
P-Solve offers investment expertise, fiduciary management, investment risk management, actuarial and investment governance services to institutional investors. For further details visit

Contact Information

  • Ken Lizotte
    P-Solve PR Director
    Email Contact

    161 Worcester Rd. Suite 503
    Framingham, MA 01701
    Tel: (508) 620-7110
    Fax: (508) 620-7122