Fulton Bank Owner Acquires Investment Advisor Firm

POTTSTOWN PA – Fulton Financial Corp., which operates the Fulton Bank branch office in Pottstown Plaza at 799 State St., has acquired BenefitWorks Inc., a registered investment advisor and retirement services firm in central Pennsylvania. The bank on Monday (Nov. 23, 2020) said it plans, over time, to move BenefitWorks’ clients into its own Fulton Financial Advisors platform.

The deal closed Friday (Nov. 20) for an undisclosed price.

Lebanon PA-based BenefitWorks was founded more than 35 years ago as Trefsgar & Co. It specializes in investment advisory services and qualified retirement plan record-keeping for companies and individuals. Fulton Financial Advisors, the bank’s wealth and investment management division, will provide those as well as other services it described as “best-in-class products.”

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