Ross Trustees has acquired Clark Benefit Consulting (CBC) Pension Services.
The acquisition, according to Ross Trustees, supports the company’s objectives to keep improving its offerings and expanding its clientele.
Michael Clark, the owner and CEO of CBC Pension Services, will join the team of Ross Trustees as a result of the agreement and contribute his thirty years of expertise in the financial, professional, and pension sectors. As a result of the deal, all CBC Pension Services clients will be included in the portfolio of Ross Trustees, whose assets range in size from £3m to £2.5bn.
Ross Trustees has made their first purchase since receiving funding from LDC in late 2020. The acquisition of CBC Pension Services follows a very successful phase of organic expansion, during which the company saw a 25 per cent increase in revenue in the previous year.
Ross Trustees CEO Andrew Bradshaw says: “I am delighted to welcome Michael and all his clients to Ross Trustees. I know our team will benefit greatly from his contribution and will be on hand to broaden and further strengthen the scheme secretarial and professional trustee services which his clients have come to rely on.
“Our sustained organic growth has enabled us to establish a team with the breadth and expertise to meet the evolving needs of pension schemes. As the demands and pressures on pension schemes grow, Ross Trustees stands out as an attractive option for businesses like CBC Pension Services that need to manage the increasingly complex pensions landscape in order to satisfy their commitments to scheme members and the Regulator.
“I’m looking forward to working closely with Michael, and our door is always open for similar businesses who share our commitment to collaborative working, diversity of thought, and service excellence.”
CBC Pension Services founder and CEO Michael Clark says: “Having successfully grown CBC Pension Services over the last decade, I am delighted our clients will now benefit from the even wider resources, greater resilience, and deeper expertise that is on offer as we become part of Ross Trustees.
“It has been very important to me to find a home with the right values and ethos to safeguard and develop our trusted client relationships. Ross Trustees not only shares my passion for client-centricity but also plays an active role in developing our profession and championing high standards across the industry.
“I have great respect for the Ross Trustees team, and I am hugely excited to work with them as we help businesses and pension schemes respond to the constantly changing pensions landscape.”
