California Company Joins National Benefits/Retirement Plan Provider

ISELIN, N.J.--(BUSINESS WIRE)--U.S. Retirement Partners (USRP) announced today that it has acquired USD Insurance and Financial Services, Inc. (USD), a firm that will be part of USRP's national network of 403(b) providers serving the K-12 education market.

USD, with headquarters in Los Angeles, was founded in 2000 by Chris Quirarte. The firm serves clients through its eight-person Advisor team in school districts throughout Southern California. Given the size of its market, USD will utilize USRP's resources to significantly expand its Advisor base.

"Joining USRP will enable us to grow the business at a much faster rate," said Chris Quirarte, president of USD. He continued, "They have a strong suite of tools that will help us recruit, select and train new Advisors quickly. Because the Southern California opportunity is so large, we are looking at doubling our number of Advisors in the next two ... Read more »

A new deputy commissioner for the California Department of Insurance has been chosen.

Insurance Commissioner Dave Jones said Friday that Erika Sperbeck has been appointed as deputy insurance commissioner of the administrative and licensing services branch.

Sperbeck, who has served 19 years of her career with the state, came most recently from the California Health and Human Services Agency, where she has served as an assistant secretary.

She replaces Robin Baker, who is retiring. She had served as deputy commissioner since 2010 and has 33 years of experience with the state.