Mid Atlantic Capital Group Announces Deal with PensionPro


Mid Atlantic has finalized a deal with PensionPro, the leader in TPA workflow automation software, to become part of its trust and retirement services division

PITTSBURGH — Mid Atlantic Capital Group (Mid Atlantic), a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients, announced today the acquisition of Harrisburg, Pennsylvania-based PensionPro, a provider of workflow automation software for third-party administrators (TPA). This acquisition expands Mid Atlantic’s trust and retirement services division and the combined company will be able to establish meaningful integrations, automations, and innovations that will benefit the entire retirement plan ecosystem. Mid Atlantic is a subsidiary of EdgeCo Holdings.

Founded in 2010 by CEO Renée Conner, who has over three decades of experience in the TPA industry, PensionPro supports over 400 TPAs across the U.S. through its workflow automation and plan sponsor portal software. These solutions allow TPAs to manage projects and analyze profitability while also providing tools and solutions that enhance the advisor-client relationship. In addition to PensionPro’s software solutions, the company supports Benefit Insights, a marketing solution for TPAs with customizable websites and newsletters. Conner and the entire PensionPro team will stay on as full-time employees.

“We are passionate about providing best-in-class software solutions to the TPA industry,” said Conner. “The strategic vision Mid Atlantic has for the future for the retirement industry is highly aligned with ours and we are excited to leverage its technological and operating expertise to further propel PensionPro’s growth. We look forward to joining the organization and continuing to invest in innovation and customer service.”

“Our mission is to provide our customers with technology, resources, and tools that empower them to grow while also helping them do their jobs better and more efficiently. PensionPro, as part of Mid Atlantic, helps us advance this objective,” said John Moody, Chief Executive Officer of EdgeCo Holdings. “The team at PensionPro brings valuable experience to the table and we are excited to leverage their collective expertise as we move forward together. I am delighted to welcome aboard Renée and the entire PensionPro team.”

About Mid Atlantic Capital Group

Mid Atlantic, is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients in the retirement services and wealth management industries. For over four decades, Mid Atlantic has provided a suite of technology and support services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors, retirement plan recordkeepers, TPAs, bank trust departments, broker dealers, and insurance companies. The company currently services approximately $150 billion in client assets under custody or administration and more than 15,000 financial advisors and 500 financial institutions.

About PensionPro

PensionPro was formed in 2010 as a solution for TPAs in the increasingly complex world of pension management and business management technology. PensionPro develops TPA specific software to track and manage Clients, Plans, Contacts and Projects. The software suite focuses on providing tools for managing projects and analyzing profitability by reviewing employee time and client fees. Plan sponsor website integration further enhances a TPA firm’s ability to easily and securely gather information and deliver documents to their clients and referral sources. PensionPro’s cloud service model also removes the burden of handling an enterprise level IT infrastructure required to run the applications.

Media Contact

Marissa Comerford
Gregory FCA for EdgeCO
[email protected]