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Peter Mallouk, Creative Planning President and CEO

Industry Spotlight > RIAs

Creative Planning Buys Mesirow's $13B Corporate Retirement Team

By Janet Levaux

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RIA Creative Planning says it has bought a corporate retirement advisory team from Mesirow that works with over 350 plans with roughly $13 billion in assets.

Creative Planning’s Retirement Services Practice now services about $137 billion in assets under advisement.

The Mesirow team’s “commitment to tailoring financial solutions while championing social responsibility aligns perfectly with our values,” according to Creative Planning CEO Peter Mallouk. “They are well-equipped to address the retirement needs of plan sponsors, plan participants, investors and non-qualified plans.”

Led by David Dermenjian, Chris Pohlman, Vince Allegra and Chuck Lawless, the Chicago-based team is recognized by the National Association of Plan Advisors (NAPA) as a top defined contribution plan advisor.

“Our primary goal is to partner with plan sponsors and their employees to drive positive outcomes by providing innovative solutions and best in class client service,” Dermenjian said in a statement.

“Joining Creative Planning allows us to deliver a new set of products, solutions and technologies to our current and future clients, and we’re excited to be part of one of the largest independent RIAs in the country,” he added.

Overland Park, Kansas-based Creative Planning’s assets topped $245 billion as of July 1. Earlier this month, it acquired Kistler-Tiffany Advisors of Berwyn, Pennsylvania, which has seven financial advisors and $1.38 billion of assets under management.

In late August, Creative Planning struck a deal to buy the former United Capital business from Goldman Sachs. The firm announced it was forming a “multibillion-dollar” strategic custody relationship with Goldman Sachs Advisor Solutions a month earlier.

Pictured: Creative Planning CEO Peter Mallouk. Credit: Janie Jones

Janet Levaux

@Think_JanetL

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