BPS&M Joins Findley Davies

Bryan, Pendleton, Swats & McAllister (BPS&M), a strong actuarial and retirement services consulting firm, has joined Findley Davies. The transaction closed September 30, 2016.

“This joining of our two firms broadens our capabilities in the retirement consulting, health and group benefits and compliance arenas and provides us opportunities for future growth,” said John Weber, Findley Davies’ Managing Principal.

The strategic transaction deepens Findley Davies’ already strong retirement bench strength, adding over 100 actuaries, consultants and retirement plan professionals. With the inclusion of  the BPS&M offices in Nashville, TN, Louisville, KY and Jackson, MS, the combined firm will have eight offices in the Central and Eastern United States with clients stretching across the country and across industries.

One very important aspect in the coming together of the two firms was a consistent culture and shared values of integrity and commitment to high-touch client service. These attributes will maintain Findley Davies’ competitive advantage with respect to independence and objectivity in pursuing solutions and approaches that are in the best interest of clients.  Weber added, “I’m very excited about the synergies of our cultures and client service models. Both firms are very strong – we are even stronger together.”

Actuarial Now Trending

Now Trending

Our team of actuarial professionals sees risk mitigation strategies including glide paths, terminated vested buyouts, and other plan termination/settlement analysis as the most common actions clients are implementing to achieve their objectives. Trends we see with many of our clients include:

  • Relatively strong funded status is opening up the window to many de-risking actions.
  • Glide Paths are often being used to systematically remove pension plan risk as the plan's financial funded status increases. The goal is to lock in gains while gradually de-risking the plan.
  • Plan Termination analysis is becoming a more near term option for some. Our plan termination infographic helps organizations digest the steps in the process.
  • Discussion of new retirement plan designs – This series of articles takes a closer look at a model that has elements of both defined benefit and defined contribution plans