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Private Capital Group Expands Retirement Plan Sponsor SupportPrivate 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.

Samuel Steinberger, Senior Technology Editor

August 24, 2018

1 Min Read
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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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About the Author

Samuel Steinberger

Senior Technology Editor, WealthManagement.com

Samuel Steinberger is Senior Technology Editor for Informa Connect’s WealthManagement.com. In his role, Mr. Steinberger provides the publication’s wealth and financial technology coverage. 

Mr. Steinberger’s editorial insight and familiarity with technology accelerates Informa’s growth within the financial advisor and wealth management communities, providing in-depth news for advisors and financial professionals. 

Before joining Informa Connect, Mr. Steinberger produced documentaries with former CNN anchor Soledad O’Brien at Soledad O’Brien Productions (formerly Starfish Media Group). He specialized in research, shooting and editing, as well as finding distinct voices to explain topics like mental health, poverty and racial divide. 

Prior to joining Soledad O’Brien Productions, Mr. Steinberger managed multi-departmental technology projects for global legal technology leader Transperfect Legal Solutions. After obtaining his graduate degree in journalism from Columbia University, he completed his transition from technology management to media. 

Mr. Steinberger is an award-winning journalist, author and researcher who has written, edited and reported for a number of publications, including The New York Times, Financial PlanningAmerican Banker and PBS. He is founder of beverages publication Give Me Weird Drinks

Mr. Steinberger’s technology analysis and insight has been featured in several books on virtual and augmented reality. Mr. Steinberger has received awards and recognition for his reporting and research, including the American Business Media's prestigious Jesse H. Neal Award for editorial excellence.

Follow on Twitter: @slsteinberger