Okemos-based retirement plan and investment management
firm PensionTrend, is right on track to double in size in the next three to
five years.
PensionTrend’s Chief Operations Officer, Lee Kliebert, attributes
much of the company’s growth to its PensionTrend Investment Advisers (PTIA)
sector, which allows the company to trade and manage investment funds. PTIA has
been growing by an annual average of 28 percent since 2004 and is expected to
meet or exceed this growth rate this year.
Kliebert says PTIA eliminated the need for PensionTrend’s
clients to hire mutual fund traders, saving its clients money and increasing
demand for PensionTrend’s services.
“Our growth is a response to creating that win-win
situation,” he says.
Though the company plans to expand to Arizona,
Ohio, Minnesota
and some southern states, PensionTrend has no plans to leave Michigan.
“Living in mid-Michigan is a very, very nice lifestyle
for our families and for our employees,” says PensionTrend President Jon
Murray. “We are phenomenally bullish and we think it’s the right state to be
in. If you do the right thing, whether the economy is good or bad, you will
continue to grow.”
Source: Robert Kolt, Kolt Communications
Ivy Hughes, development news editor, can be reached here.
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