Platform Partners LLC , a private investment company headquartered in Houston, announced that it completed an investment in July Business Services, LLC (“JULY”), a leading fintech providing retirement products and services to financial advisors and small to medium sized businesses.
Founded in 1994, JULY is one of the fastest-growing 401K plan administration and recordkeeping service providers in the country and serves as a trusted partner for financial advisors searching for the optimal retirement solution for their clients. JULY focuses on three core tenets to help their clients succeed: 1. a plan customized to fit your needs, 2. a plan that’s easy to run, and 3. a dedicated client service team focused on your success.
“We are honored that JULY chose Platform as their partner and we look forward to helping the company capitalize on its 25 year history to continue its growth strategy, ” said Fred Brazelton, CEO of Platform. “We are excited to partner with John Humphrey and the entire JULY management team to continue developing innovative solutions for financial advisors and plan sponsors across the U.S.,” noted Vik Kalra, Executive Vice President at Platform.
JULY’s management team, led by CEO John Humphrey, will continue to manage the business and retain a significant ownership stake in the company. “We have built an unmatched suite of products and are confident that Platform’s expertise and capital will help our business continue to grow and thrive,” said Humphrey.