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Private Capital Group Expands Retirement Plan Sponsor Support

Private Capital Group will use the tech to provide quarterly analysis and comparative benchmarking for retirement plan clients.

RIA Private Capital Group, with over $1 billion in assets under management, is partnering with Envestnet to provide the financial technology company's Practice Advantage solution for its advisors, the company announced. The service, which allows advisors to provide solutions to retirement plan sponsors, is part of Envestnet's Retirement Solutions division. 

The fintech provider characterized the partnership as a "natural progression" of its relationship with the RIA. “We are glad to provide Private Capital Group with dynamic, fully integrated technology that will allow retirement-focused advisors the flexibility to be responsive to the changing needs of their clients’ plans,” said Babu Sivadasan, President of the division.

Private Capital Group will use the tech to provide quarterly analysis and comparative benchmarking for retirement plan clients, the company stated.

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