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For Immediate Press Release

Written by support@seostats.com on . Posted in Press Release.

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Compton Capital Management
Joins PensionmarkMeridien

PensionmarkMeridien announced today that it has entered into an asset purchase agreement with Providence, RI based Compton Capital Management, LLC (“Compton”), a registered investment advisor providing wealth management and investment advisory services to more than eighty households with assets under management exceeding $210 Million. Since its founding by George F. Kilborn, CFA® in1991, Compton has been a leading, independent resource for high-net-worth individuals, families, and organizations for their wealth management needs.

Moving forward, Mr. Kilborn, with over five-decades of investment management experience, will join PensionmarkMeridien as Managing Director and Chief Investment Officer. In addition, Ms. Susy Peddle, Vice President of Administration at Compton, will join PensionmarkMeridien as Director of Client Operations. Details of the transaction were not disclosed.

George first became involved in the investment business in 1965 and has been president of several independent advisory firms prior to starting Compton in 1991.  He became a CFA in 1970 and is a past president of the Providence Society of Financial Analysts.

“Compton is a natural fit with PensionmarkMeridien as we share the same values, goals, investment philosophies and dedication to care for our clients. George’s vast market experience combined with our diverse team, technologies, and scale of resources will benefit all our clients tremendously,”

said Mikko J. Passananti, PensionmarkMeridien’s Chief Executive Officer.

“The synergies between our two firms are undeniable. I am delighted to welcome the Compton team to PensionmarkMeridien and look forward to providing our clients an unparalleled experience.”

With the acquisition of Compton, PensionmarkMeridien’s wealth management team will serve approximately a hundred households with regulatory assets under management of over $400 million, with total assets under advisement of approximately $1.3 Billion, inclusive of wealth management, retirement plan, and insurance consulting services.

About PensionmarkMeridien

Founded in 1975, PensionmarkMeridien is a proudly independent, diversified financial services organization owned and operated by Vincent J. Passananti, Chairman and Mikko J. Passananti, CEO. The firm serves affluent families, for-profit and non-profit organizations, ranging from successful small businesses to the Fortune 500® with wealth management and other unique insurance and investment services. The team at PensionmarkMeridien are Independent Investment Advisor Representatives of Pensionmark® Financial Group. As of December 31, 2021, the Pensionmark network of advisors and firms collectively provides support to over $86 billion in assets across a variety of channels including investment management and retirement plan consulting services. This includes regulatory assets under management (AUM) of over $27.1 billion. Additionally, PensionmarkMeridien is a Lion Street member-owner firm.

PensionmarkMeridien’s mission is to assist in our clients’ accumulation, preservation, and transfer of wealth. To learn more about PensionmarkMeridien, please visit https://pensionmarkmeridien.com/ and connect with us on LinkedIn.

Disclosure: Pensionmark® Financial Group, LLC (“Pensionmark”) is an investment adviser registered under the Investment Advisers Act of 1940. Pensionmark® is affiliated through common ownership with Pensionmark Securities, LLC (member SIPC).

1 As of December 31, 2021, the Pensionmark network of advisors and firms collectively provides support to over $86 billion in assets across a variety of channels including investment management and retirement plan consulting services. This includes regulatory assets under management (AUM) of over $27.1 billion.

Press Release: PensionmarkMeridien Partners with Lion Street

Written by support@seostats.com on . Posted in Press Release.

FOR IMMEDIATE RELEASE
Providence, RI – June 22, 2021

Lion Street Contact:
Michael Reina
Director of Communications
512-961-1635
mreina@lionstreet.com

PensionmarkMeridien Contact:
Alexis Duffy
Operations & Marketing Coordinator
401-272-7070
aduffy@pensionmark.com

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PensionmarkMeridien Partners with Lion Street

PensionmarkMeridien (“Meridien”) has recently entered into a strategic relationship with Lion Street, Inc.  In joining Lion Street as a new member-owner, Meridien adds decades of experience in providing executive benefit programs, sophisticated life insurance strategies, and qualified retirement plans. Lion Street is known for providing elite life insurance advisors with access to top-tier financial products, intellectual capital and specialized resources to help meet the needs of high-net-worth, high-income and business clients.  

Based in Providence, RI and owned by Vincent Passananti and Mikko Passananti, Meridien will continue to operate as a fiercely independent, prominent New England financial services firm.  In addition to their executive benefits and insurance practices, Meridien also operates a substantial wealth advisory and qualified retirement plan practice and is a member of Pensionmark Financial Group, (“Pensionmark”).  Pensionmark is an industry leading national network of advisors that provides retirement and wealth management solutions to over 4,000 clients by its network of over 300 advisors in 70 locations supporting over $48 billion1 in client assets.

“Our new partnership expands our ability to deliver customized corporate and individual insurance solutions to our clients through enhanced carrier relationships, cutting edge technology, underwriting expertise, and advanced case design support,” stated Mikko Passananti, Executive Vice President, Meridien.  “This relationship will help us to provide better outcomes for our clients through Lion Street’s sheer scale and market footprint.”

“Lion Street is built on the premise that elite firms, with the right business partner, can have even better outcomes. We are thrilled that PensionmarkMeridien, a longtime preeminent life insurance centric firm, will not only strengthen our national network, but they will also benefit greatly.” Said Bob Carter, Founder and CEO of Lion Street.

About Lion Street
Lion Street is a leading financial services company based in Austin, Texas. Lion Street provides its elite network of Firms and financial professionals access to the financial products, intellectual capital, and specialized resources they need to help meet the sophisticated needs of high-net-worth and corporate clients. Together, Lion Street’s Owners are strongly committed to building a highly collaborative network of professionals. To learn more about Lion Street, please visit www.lionstreet.com or connect with them on LinkedIn.

About PensionmarkMeridien
Founded in 1975, PensionmarkMeridien is a proudly independent, diversified financial services organization. The firm serves corporations, ranging from successful small businesses to the Fortune 500®, for-profit and non-profit organizations, and affluent families with unique insurance and investment services. PensionmarkMeridien’s mission is to assist in our clients’ accumulation, preservation, and transfer of wealth. To learn more about PensionmarkMeridien, please visit https://pensionmarkmeridien.com/ and connect with us on LinkedIn.

1 As of December 31, 2019, the Pensionmark network of advisors and firms collectively provides support to over $48 billion in assets across a variety of channels including investment management and retirement plan consulting services. This includes regulatory assets under management (AUM) of over $19 billion.

Disclosure: Pensionmark® Financial Group, LLC (“Pensionmark”) is an investment adviser registered under the Investment Advisers Act of 1940. Pensionmark® is affiliated through common ownership with Pensionmark Securities, LLC (member SIPC).