Grow Capital, Inc (OTCPK: GRWCD) (GRWCD) today announced that it has formally acquired Public Employee Retirement Assistance, LLC (PERA).
GRWCD now owns 100 percent of the ownership interests of PERA, a third-party marketing organization that facilitates meetings between state-licensed representatives and public employees who have retirement related questions.
PERA currently works with employees of school districts, colleges, universities, and other public institutions nationwide. Every state licensed representative is appointed with one or more of the institution’s approved vendors.
PERA is headquartered in Nevada and has been the driving force behind connecting retirement professionals and public employees who want retirement planning help during school and government building closures.
PERA has over 5,000 trusted advisors in its network to help public employees and has successfully set near half a million appointments for it’s clients since its inception.
GRWCD CEO Terry Kennedy praised PERA for keeping financial service professionals in business while offices and buildings are closed, “PERA has literally kept the public employee sector of financial and retirement planning alive during COVID 19 as most employees are working from home and only taking online meetings.”
PERA serves major insurance and financial service companies and will expand its client base through this new ownership.
This acquisition comes just after GRWCD announced it’s reverse stock split with intent of growing to NASDAQ. The reverse split resulted in GRWC being found under the symbol GRWCD for five more days.
PERA is the only service that provides vetted appointments – not leads – to agents. Now in our virtual world, PERA offers fully electronic appointments through their live interactive meeting platform.
PERA’s backend technology was built and is maintained by sister GRWCD company Bombshell Technologies.