Charlesbank Capital Partners-backed World Insurance Associates, a nationally ranked, full-service insurance brokerage, agreed to acquire Pensionmark Financial Group, a retirement and financial planning registered investment advisor. Financial terms were not disclosed. "When we developed our advisor transaction model, we intentionally created a unique dynamic where an advisor could become an equity partner of a larger collective while maintaining ownership of their business. When entertaining our acquisition partner, we sought a firm that was committed to enhancing our platform, accelerating our growth and maintaining the team and culture that makes Pensionmark special. I know World is exactly that partner and I look forward to an exciting future for our clients and advisors," Troy Hammond, Pensionmark CEO.