New Jersey-based US Retirement Partners (USRP) has acquired USD Insurance and Financial Services Inc (USD), a Los Angles-based 403(b) provider serving the K-12 education market.
Founded in 2000, USD serves clients through its eight-person advisor team in school districts throughout Southern California.
As part of the acquisition, USD will become part of USRP’s national network of 403(b) providers.
USD president Chris Quirarte said joining USRP will enable the company to grow the business at a much faster rate. They have a strong suite of tools that will help USD recruit, select and train new advisors quickly.
"Because the Southern California opportunity is so large, we are looking at doubling our number of advisors in the next two years," Quirarte said.