EdgeCo Holdings Announces Agreement with Unified Trust to Become Part of American Trust Subsidiary
Summary
The agreement with Unified Trust represents the third retirement firm transaction by EdgeCo, with additional acquisitions planned as part of the growth strategy going forward. “Over the past three years, we’ve made tremendous progress in creating a differentiated offering in the retirement space for financial intermediaries and their clients, with a focus on delivering a high level of personal service backed by a robust technology platform,” said John Moody, Chief Executive Officer of EdgeCo. Dr. Kasten, who will serve in an executive role and on the Board of Directors of American Trust after the acquisition, remarked, “Beyond the opportunity to expand our services and solutions, it was also very important to me that both organizations share the same outcomes-focused philosophy and fiduciary mindset. Our two companies are incredibly well-aligned and as a combined force, we will be in a position to make a major statement in the financial services industry for years to come as well as ensure that we will continue to improve the financial outcomes of investors.” Micah DiSalvo, Chief Revenue Officer of EdgeCo remarked: “As consolidation continues in the retirement space, it is key for Advisors to select partners who are committed to investing in their success. American Trust and its affiliates have offices in Dubuque, IA and Memphis, TN with a history dating back to the 1950s, and together represent a leading, full-service provider of retirement solutions to small- and mid-sized plan sponsors.