Grow Capital today announced that it has formally acquired Public Employee Retirement Assistance (PERA).
Grow Capital, which is a known investment company that focuses on the professional technology and financial services businesses, now owns 100% of the ownership interests of PERA, a third-party marketing organisation that facilitates meetings between state-licensed representatives and public employees who have retirement related questions.
PERA currently works with employees of school districts, colleges, universities, and other public institutions nationwide. Every state licensed representative is appointed with one or more of the institution’s approved vendors.
PERA serves major insurance and financial service companies and will expand its client base through this new ownership.
“PERA has literally kept the public employee sector of financial and retirement planning alive during Covid-19 as most employees are working from home and only taking online meetings,” said Terry Kennedy, CEO at Grow Capital.
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