“This is Sentinel’s sixth merger since joining Focus and will further enhance the depth and scale of its retirement plan business. “We are delighted that ABGSW will be joining Sentinel,” said Rudy Adolf, Founder, CEO and Chairman of Focus. Becoming part of Sentinel is a catalyst for taking ABGSW to the next level, both for our clients and our employees,” said Dennis Davis, Principal of ABGSW. Sentinel’s national presence and broad service offering will allow us to accelerate the growth of our business and provide a differentiated offering to our clients. “Having known the group at Sentinel for many years, we know that we share a commitment to excellent client service.
“They have built an outstanding reputation in the retirement industry and bring an excellent team to Sentinel that will further position Sentinel for success in the years to come.” We are thrilled to welcome them to the Sentinel family,” said Sam Mitchell, CEO of Sentinel. “We have known Dennis Davis and the ABGSW team for over a decade and we have been incredibly impressed with their organization. This transaction will position Sentinel for further growth in the Southwest and enable it to leverage a strong team with extensive experience. ABGSW will expand Sentinel’s geographical reach and deepen its expertise in providing retirement plan recordkeeping and administration services, including to Native American tribes and their commercial enterprises. The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.ĪBGSW delivers administration and recordkeeping services and solutions that support workplace retirement and benefit plans across a wide range of industries both regionally and nationally, including a number of tribal retirement and per capita plans. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Alliance Benefit Group Southwest, LLC (“ABGSW”), a retirement administration and record-keeping firm based in Albuquerque, NM, will join Focus partner firm Sentinel Benefits Group, LLC, which is part of Sentinel Group (“Sentinel”), headquartered in Wakefield, MA. NEW YORK, NY / ACCESSWIRE / Janu/ Focus Financial Partners Inc.
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