FTV Capital Backs Retirement Planning Co ASPire

ASPire Financial Services, a provider of retirement plan solutions has secured $25 million growth capital from FTV Capital. ASPire has approximately 100 employees and more than $10 billion of recordkeeping assets, 8000 plans and 275,000 participants.

PRESS RELEASE

ASPire Financial Services, a leading provider of retirement plan solutions
(e.g. 401(k), 403(b), 457(b) and IRA) to small and medium sized businesses, organizations and government
entities, today announced that FTV Capital has committed $25 million to the company. FTV Capital is a growth
equity firm focused on innovative, high-growth businesses and has a strong track record in asset management
related businesses.
ASPire has been successfully serving the retirement industry since 2002 with its cost effective proprietary
platform, offering a distinct alternative to the traditional bundled service providers and filling a void in the
underserved 403(b) and IRA market segments. ASPire helps advisors and third party administrators navigate
the significant changes currently underway in the retirement industry including the challenges associated with
transparency through fee disclosure reforms within ERISA based plans, the need to provide highly customized
program features with flexible investment choices, and the need for efficient interoperability access with
multiple service providers.
Proceeds from the growth equity investment will be used to drive continued rapid organic growth through
expanded sales and client service teams as well as further development and deployment of key functionality
enhancements to ASPire’s operating platform to meet strong customer demand.
“ASPire is uniquely poised to meet the needs of the retirement plan market, especially given the evolving
market dynamics around fee disclosure transparency and increased client demand for open architecture,” said
Ben Cukier, FTV Capital partner and new ASPire board member. “We are excited to partner with this highly
experienced management team, and we look forward to connecting the company with our network of financial
industry executives in support of ASPire’s continued expansion.”
“This investment allows us to accelerate the development of game changing technology within the 403(b) and
other non-ERISA plan space, as well as provide our core ERISA clients with enhanced tools and services that
will afford all participants a higher probability of retirement success,” said Peter Kirtland, President of ASPire.
“Our partnership with FTV marks the next phase of ASPire’s evolution and enables us to advance our position
as the premier provider of an outsourced retirement platform to the retirement investment community.”
About ASPire Financial Services
ASPire Financial Services is an open-architecture turnkey provider of retirement plan solutions (e.g. 401(k), 403(b), 457(b) and IRA) to small and medium sized businesses, organizations and government entities. The company leverages its proprietary technology platform to offer cost-effective and fee transparent services to plan sponsors, third party administrators (“TPAs”) and advisors through a web interface containing research, tools and access to investment products. In addition, ASPire provides the back-office administration and recordkeeping functions to the plan, as well as relationship support to the TPAs and advisors and customer support to participants. The company has approximately 100 employees and more than $10 billion of recordkeeping assets, 8000 plans and 275,000 participants.
About FTV Capital
FTV Capital is a multi-stage growth equity firm that invests in high-growth companies offering a range of
innovative solutions in business services, financial services, payments and transaction processing, and
technology. FTV Capital provides entrepreneurs with unique access to its Global Partner Network, a group of
the world’s foremost financial institutions that have invested in FTV Capital and its portfolio companies for more
than a decade. Founded in 1998, FTV Capital has more than $1 billion across three funds, and has offices in
San Francisco and New York. For more information, please visit www.ftvcapital.com.

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