Expand Financial Completes Acquisition of Dream Forward’s 401(k) business

2020-06-11 11:42:57 - United States - (PR Distribution™)

Expand Financial, a Denver, Colorado-based retirement industry consultant, today announced the closing of its acquisition of Dream Forward’s 401(k) business. “This acquisition continues our strong growth, as we look to bring Dream Forward’s 401(k) clients into the Expand ecosystem,” said Greg Bakke, President. “Dream Forward offered their clients excellent customer service and a unique retirement plan model, and we are excited to continue to provide their clients exceptional service.

eFA, a Registered Investment Advisor (RIA) affiliated with Expand Financial, is currently the 3(38) fiduciary on most Dream Forward plans being acquired, and this acquisition allows Expand Financial to enhance the existing relationship with this additional consultancy role.

Dream Forward’s 401(k) business was established to offer small businesses a new kind of modern, low-cost solution. Dream Forward’s technology is designed to simplify and streamline the administrative process for plan sponsors, in order to make 401(k) plans more accessible to small businesses.

With the completion of the 401(k) sale, Dream Forward will continue to operate its growing technology licensing business, white-labeling their proprietary retirement chatbot technology to the industry. Dream Forward’s chatbot helps improve participant outcomes, and can explain all of the nuances of saving for retirement and 401(k) rules and regulations. More information on Dream Forward’s chatbot technology can be found by downloading a copy of the Retirement 2058: What artificial intelligence reveals about 401(k) plans whitepaper.

About Expand Financial, LLC:
eFA, a Registered Investment Advisor (RIA), is affiliated with Expand Financial, headquartered in Denver, Colorado. The firm works exclusively within the retirement plan advisory space and offers related services ranging from 3(21)/3(38) investment monitoring and reporting to full plan consulting services.

About Dream Forward Solutions, Inc.:
Dream Forward built the first retirement-focused chatbot AI to help employees stay on track for retirement. Dream Forward’s work to drive innovation in the retirement industry has been covered in numerous media outlets, conferences, reports, and whitepapers on the industry.

Founded in 2016, Dream Forward participated in the inaugural FIS Fintech Accelerator. Dream Forward is also a proud member of the Newark Venture Partners portfolio, maintaining offices in Newark, New Jersey until 2019.

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