NS Capital, a Stamford-based retirement investment advisor, has been acquired by Invst, a competitor based in Indiana.
Invst says the resulting company aims to offer new solutions to businesses for employee retirement packages, leveraging the 2019 SECURE Act, which introduced Pooled Employer Plans or PEPs.
The PEP allows smaller employers across different sectors to consolidate their efforts into a single, professionally managed retirement plan.
This simplifies the process for companies and also spreads the risks associated with an independently sponsored retirement plan.
NS Capital, which has offices in Stamford, Chicago and South Carolina, began offering a PEP in January 2021 – one of the first in the nation.
Invst says its new combined offering will be branded as the INVST Unity Pooled Employer Plan.
“The alignment of our cultural values—centered around fiduciary advice, client service, and a genuine care for individuals—made this partnership a natural fit,” said Louis Day, senior managing partner at NS Capital, of the merger.
Terms of the deal were not released.
