Waco, Texas, June 19, 2019 – July Business Services (JULY), an independently owned, national retirement plan recordkeeping and administration firm has entered into an agreement to acquire 401kDIRECT. Headquartered in Campbell, California, near San Jose, 401kDIRECT provides retirement plan recordkeeping services to small and mid-sized 401(k) plans.
“Joining JULY will greatly benefit our clients, as it will allow us to raise our services to the next level,” states David Wade, CEO of 401kDIRECT. “We’re looking forward to taking advantage of JULY’s resources and scale to ensure that current and future clients receive the support and technology needed for their qualified retirement plans.”
With the completion of this acquisition, JULY has taken a step in its strategic growth plan and is poised to continue its mission of Building Retirement Security.
“We are excited about the acquisition of 401kDIRECT as it complements our strategic growth plan and high-touch service model. Like JULY, David Wade has worked hard to build an advisor-focused retirement business that provides high quality services to small and closely held businesses. This acquisition expands JULY’s presence on the West Coast and aligns with the work that our Regional Sales Team is already doing there. We are excited about new and expanded relationships with 401kDIRECT’s clients and advisors.” said JULY’s CEO, John Humphrey.
JULY is a leading retirement plan provider that supports financial advisors and third party administrators to deliver successful retirement plan strategies through its fully independent, open-architecture retirement plan platform. JULY brings unbiased, expert knowledge to all facets of the retirement plan process including customized plan design, leading technology, and hands-on implementation and management of the plan. Please visit www.julyservices.com for more information.