ProCourse Fiduciary Advisors, Registered Investment Advisor (RIA) has acquired the qualified plan practice of Valeo Financial Advisors, LLC.
Valeo identified ProCourse as credible, highly respected in the industry, and dedicated to continuously growing and investing in the institutional retirement plan space. Valeo values ProCourse’s commitment to the institutional space and not accepting wealth management clientele.
“As the complexity of qualified plan management continues to increase, we felt our qualified plan clients deserved a team that exclusively specializes on their unique needs” said Greg Fulk, Chief Operating Officer at Valeo.
Valeo will continue to provide comprehensive, independent investment advice and financial planning to individuals and families, and this transition will help focus their efforts on the nearly 1,500 clients served in 43 states.
For over 20 years, ProCourse has exclusively focused on fiduciary services to 401(k), 403(b) and other qualified plans. ProCourse provides independent advisory and plan management services to over $3.4 Billion in plans assets, are locally owned and operated, and have a deep bench of talent on their team. ProCourse’s philosophy is similar to Valeo’s: no commissions earned, no products sold, just transparent service to their clients.
The official acquisition took place in the fourth quarter of 2019.
The firms have designed this transition to make it as seamless as possible for the plan, trustees, and participants. Paul Donahue, has since joined ProCourse and will continue to service the acquired qualified plan practice.
With this acquisition, ProCourse’s goal is to provide best-in-class quality, service and to maximize the benefit and value of our clients’ retirement plans.
ProCourse CEO, Doug Prince said ”We have had a great relationship with Valeo for a number of years. They have an excellent reputation in the industry and our team looks forward to helping improve outcomes for their clients and participants.”