Background

  • Capstone was retained by a leading PE-owned retirement and college savings recordkeeper and administrator to conduct a sell-side project as the company explored a sale.

Process

  • We reviewed relevant state and federal regulations, legislation and other sources, and held one-on-one meetings and/or phone conversations with dozens of federal and state regulators, lawmakers and advocates.

Outcome

  • We concluded the regulatory risks of an investment in the company were manageable, and in fact concluded the company would benefit from several favorable policy dynamics at the state and federal levels.
  • In our report, we addressed how complicated retirement savings policies, such as fiduciary rules, tax reform, and evolving state legislation would specifically affect the company, and identified a number of tailwinds from these policy changes.
- Capstone LLC -

Washington DC

-Capstone Research Limited-

London