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PCS Retirement acquires Aspire Financial Services

Philadelphia-based Professional Capital Services LLC, now known as PCS Retirement LLC, acquired retirement solutions provider Aspire Financial Services LLC.

The combined organization will provide recordkeeping services to 16,000 plans and 750,000 eligible participants representing more than $23 billion in assets under administration.

As part the deal, Aspire Financial Services' senior leadership will join the PCS management team.

PCS Retirement CEO Mark Klein will lead the combined organization.