PCS Announces the Acquisition of PensionSource Corporation

    PHILADELPHIA, PA, June 21, 2018 /24-7PressRelease/ -- Professional Capital Services (PCS), the nation's leading independent and conflict-free retirement services platform, is pleased to announce the acquisition of PensionSource Corporation, a California-based, independent retirement services firm specializing in providing recordkeeping and compliance administration services to plan sponsors of qualified and non-qualified retirement plans.

Damon R. Koski, Chief Executive Officer at PensionSource, will be joining PCS as a senior leader in their Operations Department as part of the new acquisition. Koski brings with him a wealth of knowledge and experience that will help drive new enhancements and increase PCS's operational efficiency.

"At PensionSource, we recognized that choosing the right retirement plan partner was critical to meeting the unique goals and objectives of each employer while enhancing the overall benefit program extended to its employees. We have dedicated the past several years to developing transparent, customized, cost-effective recordkeeping solutions and services to investment advisors, employers, and plan participants using today's best practices. This business philosophy meshes well with PCS's 'no hidden agenda' retirement solution and their commitment to complete transparency," said Koski. "I am thrilled to become a part of this dynamic organization and look forward to helping PCS continue to improve their offerings."

"We are extremely excited about our merger with PensionSource," said CEO & Founder Mark B. Klein, "And the best part of the acquisition is that Damon will be joining our team in Philadelphia to further enhance our processes and deliver an even better customer experience for our advisors, sponsors and participants."

PCS was founded in 2001 by tax and ERISA attorneys who saw the need for an advisor-focused, conflict-free, full fee disclosure, no hidden agenda retirement solution. From day one, PCS had a vision of complete transparency, which has allowed them to be an industry leader in the retirement plan industry. PCS combines state-of-the-art technology with an experienced and dedicated team of retirement plan professionals to deliver the most complete and highest quality retirement plans available, allowing them to be recognized as The Next Generation Retirement Program™. CEFEX certified and recognized by PlanAdvisor Magazine for their "best-in-class" service, PCS has been named on the INC 5000 list of the fastest growing companies since 2007. Their focus on the client's needs has built the strong foundation that keeps PCS growing today. For more information: (267) 675-6727 or [email protected].

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