P-Solve Acquires Cassidy Retirement Group

February 3, 2012 (PLANSPONSOR.com) - P-Solve has completed the merger of its U.S. subsidiary with Cassidy Retirement Group (CRG).

The acquisition forms a new business in the P-Solve Group—P-Solve Cassidy. P-Solve will now be able to provide clients with full integrated, end-to-end fiduciary management solutions for defined benefit pension plans in the U.S. Cassidy will also provide P-Solve with enhanced capability in the design and implementation of defined contribution and hybrid retirement plans.

Daniel P. Cassidy, founder/president of Cassidy Retirement Group and the incoming co-head of P-Solve's U.S. business said: "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."

All CRG employees will be joining P-Solve in similar roles.

Tara Cantore
editors@plansponsor.com