The retirement planning industry in the United States focuses on helping individuals save and invest for their retirement years. Companies range from traditional financial advisors to innovative fintech startups, offering a variety of services including retirement accounts, investment management, and wealth planning. Recent trends indicate a growing shift towards technology-driven solutions that make saving for retirement more accessible and user-friendly, particularly for younger generations. As lifespans increase and economic uncertainty lingers, there’s an urgent need for effective retirement strategies, with industry players continually adapting to cater to a more educated and discerning consumer base.


This article highlights 15 notable investors in the retirement planning sector, comprising a mix of venture capital and corporate investors. These firms, headquartered in varied regions from San Francisco to Orlando, boast significant employee numbers—some with thousands—demonstrating their industry influence. They span diverse founding years, with historical giants like Citi (founded in 1812) juxtaposed with newer entrants like the Deep Tech Fund, established just last year. In 2024 alone, these investors engaged in a total of 1,322 investment deals, showcasing their bustling activity within the retirement planning market.


Top 15 Retirement Planning Investors in the US


1. HUB International

  • Website: hubinternational.com
  • Type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 37
  • LinkedIn: hub-international

HUB International Limited is an insurance brokerage based in Chicago, Illinois, that provides a comprehensive range of insurance and risk management services to businesses, organizations, and individuals. Founded in 1998, HUB International has grown significantly, employing over 10,000 people and completing 37 investments in 2024 alone. Notably, HUB has made several key acquisitions in the retirement planning space, including Raffa Financial Services, Garnett Retirement Group Inc., Plan Sponsor Consultants, and WealthPlan Advisors. These firms specialize in retirement consulting and wealth management, with Garnett managing $220 million in assets and Plan Sponsor Consultants overseeing $2.4 billion. These strategic moves reflect HUB's commitment to expanding its retirement services and enhancing its offerings in wealth management, positioning it as a significant player in the retirement planning industry.


2. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies, helping entrepreneurs launch and grow their businesses through structured programs and resources like the Startup School. Y Combinator has successfully launched over 4,000 startups, establishing itself as a key player in the technology startup ecosystem. Among its notable investments are companies like Human Interest, which focuses on retirement savings plans for small businesses, and PINA Indonesia, a wealth management startup. These investments highlight Y Combinator's engagement in the financial services sector, particularly in areas relevant to retirement planning, showcasing its potential influence in this industry.


3. AssuredPartners

  • Website: assuredpartners.com
  • Type: Corporate
  • Headquarters: Orlando, Florida, United States (USA)
  • Founded year: 2011
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: assuredpartners

AssuredPartners is an insurance brokerage and risk management consulting firm founded in 2011 and based in Orlando, Florida. With over 10,000 employees, the company provides a wide array of services, including business insurance, employee benefits, and risk management solutions tailored to both businesses and individual clients across various industries. In recent years, AssuredPartners has made significant strides in the retirement planning sector through strategic acquisitions. Notably, they acquired TJS Financial Services, a firm with over 20 years of experience in retirement plan services and wealth management, which enhances their capabilities in this critical area. Additionally, their acquisition of Medallion Wealth Management further solidifies their position in the wealth management space, which is closely tied to retirement planning. These transactions reflect AssuredPartners' commitment to expanding their services in retirement planning and wealth management, making them a relevant investor in this field.


4. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024, they have made 253 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they have invested in Blueprint Income, a fintech startup focused on retirement income solutions, and Grove, a financial planning platform that aims to enhance personal finance management. These investments highlight their engagement in the financial technology sector, particularly in areas that intersect with retirement planning, making them a significant player in this space.


5. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, focused on fostering private sector development in emerging markets. Based in Washington, D.C., IFC provides investment, advisory, and asset management services to businesses and financial institutions, helping them access capital and expertise to promote economic growth. IFC operates in over 100 countries, addressing poverty challenges and promoting sustainable development. A notable transaction that highlights IFC's involvement in the retirement planning sector is its acquisition of a 10% stake in Doverie, a Bulgarian pension fund, announced on December 22, 2022. This acquisition aims to enhance the Bulgarian pension insurance market, where Doverie manages approximately EUR 2.3 billion in assets for around 1.2 million clients. This strategic investment underscores IFC's role in supporting financial institutions that are integral to retirement planning, making it a significant player in this space.


6. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It is part of Alumni Ventures, which connects accredited investors and institutions with professionally-managed, diversified venture portfolios. The fund has been active in the startup ecosystem, with 258 investments in 2024 alone. Notably, it has invested in companies like Ellevest, a digital investment platform aimed at helping women achieve their financial goals, and Human Interest, which focuses on providing retirement plans for small businesses. These investments highlight the fund's commitment to supporting financial services that can play a significant role in retirement planning.


7. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, New York, founded in 1998. With over 10,000 employees, the firm offers a wide range of services including investment banking, asset management, and wealth management. Goldman Sachs serves a diverse clientele, including corporations, financial institutions, and individuals, helping them navigate complex financial challenges and achieve their financial goals. Notably, Goldman Sachs has made strategic investments in the retirement planning space, such as its acquisition of United Capital for $750 million, which enhances its wealth management capabilities and broadens its reach in retirement planning services. Additionally, their participation in the Series C financing round for Vestwell, which raised $70 million, highlights their commitment to supporting workplace savings and investing programs, further solidifying their role in the retirement planning industry.


8. Goodwater Capital

  • Website: goodwatercap.com
  • Type: Venture Capital
  • Headquarters: Burlingame, California, United States (USA)
  • Founded year: 2014
  • Headcount: 51-200
  • Number of deals in 2024: 41
  • LinkedIn: goodwater-capital

Goodwater Capital is a venture capital firm based in Burlingame, California, founded in 2014. The firm specializes in consumer technology and supports seed-stage entrepreneurs by providing investment, resources, and a community to help them grow. Goodwater Capital focuses on various sectors, including healthcare and financial services, with a mission to improve access to technology solutions for underserved communities. Notably, Goodwater has been involved in significant transactions with Stash, a finance app that raised substantial funding across multiple rounds, including $40 million in a convertible note in 2023 and $125 million in Series G funding in 2021. Stash has experienced remarkable growth, boasting five million customers and $2.5 billion in assets under management (AUM). The funding from Goodwater and other investors is aimed at enhancing tools that assist Americans in building diversified investment portfolios, which is directly relevant to retirement planning.


9. FJ Labs

  • Website: fjlabs.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 169
  • LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. With a portfolio of over 1,000 companies, many of which have achieved unicorn status, FJ Labs focuses on providing capital and strategic guidance to startups across various industries, including e-commerce and logistics. Notably, they have invested in SmartAsset, a fintech company that raised $28 million in a Series C funding round aimed at expanding its platform for financial advice and retirement planning. Additionally, FJ Labs participated in the seed funding for SAKS, a Brazilian digital private pension broker, which directly engages in retirement planning services. These transactions highlight FJ Labs' involvement in the retirement planning sector, showcasing their commitment to supporting businesses that facilitate financial planning and retirement solutions.


10. Blackstone

  • Website: blackstone.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 57
  • LinkedIn: blackstonegroup

Blackstone Inc. is an investment management firm based in New York, specializing in alternative investments. Founded in 1985, the firm has grown to manage a diverse portfolio that includes private equity, real estate, and credit solutions for both institutional and individual investors. Notably, Blackstone has made significant investments in the retirement planning sector, including the acquisition of Lombard International Assurance in 2014, which enhances their capabilities in providing retirement solutions. Additionally, their involvement with Rothesay Life, where they acquired a substantial stake, positions them as a key player in the UK pensions derisking market. This strategic focus on companies that cater to retirement planning underscores Blackstone's commitment to delivering lasting value in this critical area of investment.


11. World Insurance Associates LLC


World Insurance Associates LLC is a corporate insurance agency based in Woodbridge Township, New Jersey, founded in 2012. The company provides a comprehensive range of business and personal insurance products, alongside financial services aimed at both businesses and individual consumers. Notably, World Insurance Associates has made significant strides in the retirement planning space through strategic acquisitions. In March 2022, they acquired Pensionmark Financial Group, a retirement and financial planning registered investment advisor (RIA) managing over $80 billion in assets, which enhances their capabilities in retirement planning. Additionally, they have acquired Financial Planning Concepts of America, Inc. in 2019, further solidifying their position in the financial planning sector. These transactions reflect their commitment to offering tailored insurance and financial solutions, particularly in retirement planning, thereby helping clients manage risks and protect their assets effectively.


12. Citi

  • Website: citigroup.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1812
  • Headcount: 10001+
  • Number of deals in 2024: 107
  • LinkedIn: citi

Citigroup Inc. is a prominent financial services company based in New York, providing a wide range of banking and investment services to individuals and businesses since its founding in 1812. With over 10,000 employees, Citi operates in various sectors, including commercial banking, investment banking, and wealth management. Notably, Citi has made strategic acquisitions to bolster its capabilities in the retirement planning context. For instance, the acquisition of Forum Financial Group in 2003 enhanced its fund administration services, which are vital for managing retirement funds. Similarly, the acquisition of Quilter Cheviot in 2006 expanded Citi's wealth management services, catering to affluent clients who require comprehensive retirement planning solutions. Furthermore, Citi's involvement in financing Household Capital with $300 million in 2021 demonstrates its commitment to supporting financial products that can aid individuals in their retirement planning. Overall, Citi's extensive experience and strategic investments position it as a significant player in the retirement planning industry.


13. NFP, an Aon company

  • Website: nfp.com
  • Type: Corporate
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 5001-10000
  • Number of deals in 2024: 14
  • LinkedIn: wearenfp

NFP, an Aon company, is a consulting firm based in New York, specializing in insurance brokerage and financial services. Founded in 1998, NFP offers a comprehensive range of products, including property and casualty insurance, employee benefits, and wealth management solutions. The firm serves both businesses and individuals, helping them manage risks and plan for their financial futures. Notably, NFP has made significant strides in the retirement planning space through strategic acquisitions. In 2020, NFP acquired Fiduciary Investment Advisors, enhancing its investment advisory capabilities. In 2022, the acquisition of Newport Private Wealth, which manages approximately $4.3 billion in assets, further solidified NFP's presence in wealth management. Most recently, in 2025, NFP acquired Tycor Benefit Administrators, a move aimed at bolstering its retirement plan services and employee benefits offerings. These transactions reflect NFP's commitment to expanding its expertise and resources in retirement planning, making it a key player in the industry.


14. Gallagher Healthcare Ins Svc


Gallagher Healthcare Ins Svc, founded in 1952 and based in Huntersville, North Carolina, is a corporate investor specializing in medical malpractice insurance solutions for healthcare providers. They offer a range of insurance products tailored to the needs of physicians and medical facilities, ensuring comprehensive coverage against legal claims. Gallagher Healthcare is part of Arthur J. Gallagher & Co., one of the largest insurance brokerage firms globally. Notably, they have made strategic acquisitions that enhance their capabilities in the retirement planning sector. For instance, they acquired Kelly Financial, Inc., a firm focused on retirement plan management and wealth management, in February 2017. Additionally, their acquisition of McPherson Benefits Group, LLC, which specializes in employee benefit consultation, further illustrates their involvement in the retirement planning industry. These transactions highlight Gallagher Healthcare's commitment to expanding its services beyond medical malpractice insurance, positioning them as a relevant player in the retirement planning space.


15. Morgan Stanley

  • Website: morganstanley.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1986
  • Headcount: 10001+
  • Number of deals in 2024: 79
  • LinkedIn: morgan-stanley

Morgan Stanley is an investment bank and financial services firm founded in 1986, headquartered in New York, New York. With a workforce of over 10,000 employees, the firm offers a comprehensive range of services including wealth management, investment banking, and capital markets. Morgan Stanley serves a diverse clientele, including individuals, families, corporations, and governments, helping them manage and grow their financial assets. Notably, Morgan Stanley has made strategic acquisitions and investments that enhance its position in the retirement planning sector. For instance, the acquisition of E*TRADE for $13 billion in 2020 significantly bolstered their capabilities in providing retirement accounts and investment options. Furthermore, their participation in the Series C financing round for Vestwell, which raised $70 million and focuses on workplace savings and investing programs, underscores their commitment to developing infrastructure for retirement planning. Additionally, the acquisition of Eaton Vance Management for $7 billion further strengthens their asset management group, which is crucial for retirement investment strategies. Overall, Morgan Stanley leverages its expertise and global presence to provide tailored financial solutions, including those aimed at retirement planning.



Retirement Planning Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
HUB InternationalChicago, Illinois, United States (USA)10001+199837
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
AssuredPartnersOrlando, Florida, United States (USA)10001+20117
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Goldman SachsNew York, New York, United States (USA)10001+199859
Goodwater CapitalBurlingame, California, United States (USA)51-200201441
FJ LabsNew York, New York, United States (USA)11-502015169
BlackstoneNew York, New York, United States (USA)1001-5000198557
World Insurance Associates LLCWoodbridge Township, New Jersey, United States (USA)1001-5000201211
CitiNew York, New York, United States (USA)10001+1812107
NFP, an Aon companyNew York, New York, United States (USA)5001-10000199814
Gallagher Healthcare Ins SvcHuntersville, North Carolina, United States (USA)1-1019529
Morgan StanleyNew York, New York, United States (USA)10001+198679


Want to find more investors focusing on the retirement planning industry?

If you want to find more investors that are active in the retirement planningindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!