ProCourse Fiduciary Advisors, Registered Investment Advisor (RIA) has acquired the qualified plan practice of Valeo Financial Advisors, LLC.
Valeo identified ProCourse as credible, highly respected in the industry, and dedicated to continuously growing and investing in the institutional retirement plan space. Valeo values ProCourse’s commitment to the institutional space and not accepting wealth management clientele.
“As the complexity of qualified plan management continues to increase, we felt our qualified plan clients deserved a team that exclusively specializes on their unique needs,” said Greg Fulk, Chief Operating Officer at Valeo.
Valeo will continue to provide comprehensive, independent investment advice and financial planning to individuals and families, and this transition will help focus their efforts on the nearly 1,500 clients served in 43 states.
For over 20 years, ProCourse has exclusively focused on fiduciary services to 401(k), 403(b) and other qualified plans. ProCourse provides independent advisory and plan management services to over $3.4 Billion in plans assets, are locally owned and operated, and have a deep bench of talent on their team. ProCourse’s philosophy is similar to Valeo’s: no commissions earned, no products sold, just transparent service to their clients.
The official acquisition took place in the fourth quarter of 2019.
The firms have designed this transition to make it as seamless as possible for the plan, trustees, and participants. Paul Donahue, has since joined ProCourse and will continue to service the acquired qualified plan practice.
With this acquisition, ProCourse’s goal is to provide best-in-class quality, service and to maximize the benefit and value of our clients’ retirement plans.
ProCourse CEO, Doug Prince said, ”We have had a great relationship with Valeo for a number of years. They have an excellent reputation in the industry and our team looks forward to helping improve outcomes for their clients and participants.”
About ProCourse Fiduciary Advisors, LLC
ProCourse Fiduciary Advisors, LLC is an independent Registered Investment Advisor (RIA) that specializes in working with employers to help manage and improve their organization’s retirement plans and is dedicated to servicing plan sponsors as its sole business initiative. ProCourse team members have been providing retirement plan investment advisory and consulting services since 1998. As specialists in 401(k), 403(b) and other institutional retirement plans, ProCourse provides clients with a full menu of advisory services, including investment advisory, retirement plan design, fiduciary management, committee governance, fee and expense benchmarking, service provider searches and employee engagement services.
For more information regarding ProCourse Fiduciary Advisors, LLC, please visit their website at www.ProCourseAdv.com.