Group RHI Announces Acquisition of Panagiotu Pension Advisors, Inc.
Addition of Washington-Based Firm Expands Services to the Pacific Northwest
Boston, MA (October 11, 2018) – Group RHI, a national retirement services firm, today announced the acquisition of Panagiotu Pension Advisors, Inc. (PPA), a 401(k) specialist in University Place, Wash. PPA is Group RHI’s most recent acquisition as it continues to expand its position in the third party administration segment.
Group RHI CEO Tom Gaillard said, “PPA has shown a tremendous dedication to its clients and a deep commitment to high-quality work. Tony Panagiotu and his team have already proven to be wonderful partners in this venture, and we are excited to welcome them to Group RHI.”
PPA has close to 50 professionals, including attorneys, CPAs and highly qualified plan administrators, administering more than 1,800 plans for local and regional businesses with assets totaling more than $3 billion.
“Joining forces with Group RHI represents a tremendous opportunity for PPA,” said Tony Panagiotu, President. “We’ve established ourselves as a trusted resource for our clients in the Pacific Northwest. With Group RHI we’re looking forward to taking our business to the next level and continuing to deliver real benefit to our clients and employees.”
About Group RHI
Group RHI provides exceptional retirement services to help companies and their employees maximize their savings and prepare for tomorrow. The firm’s services include 401(k) design and compliance, pension services and actuarial consulting. Clients rely on Group RHI’s sound advice, transparent pricing, and freedom to work with the investment managers of their choice in creating custom retirement plan solutions. For more information about how Group RHI can make retirement better for your business, visit www.grouprhi.com.