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Written by / Agency / Source: The Retirement Advantage, Inc.
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TRA Announces the Acquisition of John T. Toomey Associates, Inc. - The Retirement Advantage, Inc. (TRA) Completes Third Acquisition of 2021 - TRA401k.com
TRA Announces the Acquisition of John T. Toomey Associates, Inc.

 

NewswireToday - /newswire/ - Appleton, WI, United States, 2021/05/05 - The Retirement Advantage, Inc. (TRA) Completes Third Acquisition of 2021 - TRA401k.com.

   
 
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The Retirement Advantage, Inc. (TRA), an independently-owned, top-tier national retirement services company, announced today that it has successfully completed the acquisition of John T. Toomey Associates, Inc. of Hingham, MA.

“I am thrilled to announce the transaction and our continued expansion into the New England area,” stated Matt Schoneman, President and Owner of TRA. “The acquisition of John T. Toomey Associates, Inc. strengthens our position as a leading provider of innovative retirement planning solutions across the country. I have tremendous respect for the associates of John T. Toomey Associates, Inc. and the company they have built since its founding in 1985. Their team has successfully developed a highly regarded third-party administration business, proven by their historical growth and ability to consistently meet their client’s expectations. I am pleased to welcome the Toomey Associates team and their valued clients to our organization.”

Jack Toomey, President and Owner of John T. Toomey Associates, Inc. added,“We are extremely excited to officially become part of TRA. We believe that pairing our team’s in-depth knowledge of our local markets and communities with the more robust capabilities of TRA will enhance our administrative capacity and provide additional valuable service capabilities. With the synergies of the combined organizations, we believe this transaction will deliver significant value to both our clients and the communities we serve.”

“TRA and John T. Toomey Associates, Inc. share complementary business models and similar core values that focus on client service, industry expertise, and growth. This will be a terrific partnership for both ownership groups,” said Jeff Schreiber, TRA’s VP of Distribution. “In addition to expanding our footprint, we’re also adding valuable resources and talented professionals. We believe there are opportunities to expand the services available to the newly-acquired clients and the advisors who serve them.”

John T. Toomey Associates, Inc. is located south of Boston in Hingham, MA with clients from MA and from across the country. The organization serves all types of businesses with a concentration of clients in the medical, dental, legal, accounting and investment advisor sectors as well as with construction and real estate firms. The organization has been operating for 36 years.

About The Retirement Advantage, Inc.

TRA (tra401k.com), based in Wisconsin, is a national retirement services company, providing third-party administration and fiduciary services to financial advisors and businesses of all sizes. An ongoing commitment to expert consultation and exceptional customer service has positioned TRA as one of the largest privately-held, third-party administrators in the nation. We proudly serve more than 10,000 plan sponsors with more than $10 billion in retirement assets under administration. You can count on us to deliver on-time, on-budget, and with precise attention-to-detail.

 
 
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Written by / Agency / Source: The Retirement Advantage, Inc.

 
 

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TRA Announces the Acquisition of John T. Toomey Associates, Inc.

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Publisher Contact: Bil Sunagel - TRA401k.com 
920-831-3251 Matt.Schoneman[.]tra401k.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any The Retirement Advantage, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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