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Large Retirement Book is migrated by Aspire Financial Services and Partners

Aspire manages the conversion of a large book of small to mid-sized retirement plans for over 150 broker dealers.

TAMPA, FL, March 20, 2017 – Aspire Financial Services, a leading service provider of recordkeeping and related business process solutions to the retirement industry, is pleased to announce that it has completed the assignment and transition of over 2,000 plans, 18,000 Participants, and $1B in assets. Using Aspire’s best-of-breed BPO model, Aspire partnered with DWC ERISA Consultants, Broadridge Matrix and Envestnet Retirement Solutions to offer Plan Sponsors and Financial Advisors/Broker Dealers a fully integrated and flexible retirement program capable of supporting full compliance with the pending DOL regulations.

“What got us excited about migrating a large book is the opportunity to leverage Aspire’s capabilities, service framework and key partners to provide a cost-effective retirement solution that addresses DOL compliance requirements for our new Broker Dealer clients, reduces fiduciary risk for Plan Sponsors and enhances Participant outcomes,” said Mark Agustin, President and COO of Aspire. Mr. Agustin added, “With the help of our partners, we were collectively able to mobilize our solution and transition the book in less than five months.”

Cindy Dash, Matrix’s General Manager and SVP stated, “Aspire is a long-term partner of ours and together with this type of solution we are both helping the industry innovate.”

A block migration of this magnitude demonstrates Aspire’s capability to effectively manage large-scale business via acquisition or outsourcing through technology capabilities and a regimented onboarding process for block deals. Aspire worked with over 150 broker dealers and 1,700 Financial Advisors to complete this migration to Aspire’s InvestLinkSM platform. As part of the migration, Aspire and team instituted a number of enhanced features including a fee-based structure and a revenue-sharing model, as well as a 3(38) offering. 

Aspire—Delivering Smart Retirement Solutions

Aspire Financial Services, LLC is a leading service provider of smart retirement solutions, serving the industry since 2002 with a conflict-free, open-investment retirement planning management system supporting all plan types [401(k), 403(b), 457, IRA including Payroll Deduction, Cash Balance, Defined Benefit, Non-Qualified]. Aspire provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options through its proprietary technology platform and strategic partnerships. Aspire enables strong economic value and competitive advantage through a cost-effective transparent pricing structure and fully built operational model. To learn more, visit or call 866.634.5873.

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Aspire Financial Services
Shelia Reed, Chief Marketing Officer

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