As a combined company, well be able to even further advance our mission of helping individuals save for what matters., Musto added, I want to commend Greg Tschider and his team for their leadership and success in building a strong, highly respected, and winning company in our industry., This is a tremendous opportunity for our two companies and our people, said Ramanis. 1 email found 3 phone numbers found . Most providers of our size are attached to a larger financial institution. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. According to a press release, the newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers. Newport Group Will Merge With Ascensus | PLANADVISER This on-demand webinar is focused on key levers for retaining talent in todays complex environment. Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. . As a provider and partner, Newport is independent, experienced and responsive. To ensure continuity of leadership, operations, and client service through closing, Laura Ramaniswho has served as Newports chief operating officer since 2014has been named interim CEO. Alexa Gellinger. The current wave of recordkeeper consolidation continues, with the Nov. 3 announcement that Ascensus has entered into a definitive agreement under which Newport Group will merge with the firm. Please update your bookmarks accordingly. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. Kelso & Company to Make Significant Investment in Newport Group The company's filing status is listed as Active and its File Number is 3307407. Ascensus and Newport are both respected leaders in the marketplaceand well-known for service excellence, deep expertise, investment independence and purpose-built technology, Musto says. Ken Weida Senior Vice President Sales Ken Weida serves as the Senior Vice President Sales of Newport Group. CEO. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Greg Tschider CEO Approval Rating 83/100 Weigh In 1985 Walnut Creek California San Francisco Bay Area Private Merged with Ascensus, LLC Professional Services Payroll & Benefit Support Services 8744 NAICS listing http://www.newportgroup.com Est. Advisors and plan sponsor clients who have specific questions related to The CARES Act or how coronavirus is impacting benefit plans can contact us at coronavirusquestions@newportgroup.com. Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. Since its inception 38 years ago, Newport Group has grown to 1200 employees. Newport maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Securities in California are offered through Newport Securities Insurance Services. Ratings from the Employees at Newport Group's Headquarters She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Ascensus and Newport Group to Combine and Create a Leading Provider in Terms of the deal were not disclosed. As a combined company, well be able to even further advance our mission of helping individuals save for what matters., SPONSORED MESSAGE SCROLL FOR MORE CONTENT. This site is designed for U.S. residents only. Learn more about Newports vital 3(16) administrative fiduciary services, which are provided at no cost to clients. The transaction is expected to close in the first quarter of 2022, subject to receipt of regulatory approvals, including review and non-objection by the South Dakota Division of Banking and review and approval by the New Hampshire Banking Department, and satisfaction of other customary closing conditions. To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newport's chief operating officer (COO) since 2014has been named interim CEO. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. NEWPORT GROUP, INC. in Walnut Creek, CA | Company Info & Reviews Securities in California are offered through Newport Securities Insurance Services. Ascensus will also have more than 700,000 health and flexible savings and COBRA [Consolidated Omnibus Budget Reconciliation Act] accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 nonqualified retirement plan participant accounts. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisers and retirement savers, the firm says. Website. You can read Newports comprehensive analysis of this important legislation here. According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. Our union confirms the hard work of our dedicated employees and partners. The CARES Act Effect on Retirement Plans: It takes less than ten minutes to set up your company page. Newport Group, Inc. Company Profile | Folsom, CA | Competitors DRESHER, Pa., Nov. 3, 2021 /PRNewswire/ -- Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, announced that it has entered into a . The American Society of Pension Professionals & Actuaries is a non-profit professional society. About AscensusAscensus helps millions of people save for what mattersretirement, education, and healthcare. Greg Tschider. This site is designed for U.S. residents only. Edit Contacts Section. Ascensus Scoops Up Newport Group | AMERICAN SOCIETY OF PENSION To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newport's chief operating officer (COO) since 2014has been named interim CEO. Greg Tschider Chief Executive Officer, Newport Informative Webinars Managing Challenges for Non-Qualified Plans Related to Coronavirus This webinar provided insight on the unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Following a two-day planned meeting where the organization discussed its priorities for the year, the committee has named a new Alerus names new senior retirement specialist; WTW appoints global head of credit, manager research; and NFP acquires AFS Advisors. As a provider and partner, Newport is independent, experienced and responsive. The firms hope to be operating as one team by next spring.. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. Terms of the deal were not disclosed. Greg Tschider, Verisight Inc: Profile and Biography Jacqueline Ward. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. As a combined company, well be able to even further advance our mission of helping individuals save for what matters., Musto added, I want to commend Greg Tschider and his team for their leadership and success in building a strong, highly respected, and winning company in our industry., This is a tremendous opportunity for our two companies and our people, said Ramanis. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. CEO of Newport Group San Francisco Bay Area. Ascensus and Newport Group to Combine and Create a Leading - PAi.com DRESHER, Pa., Nov. 3, 2023 /PRNewswire/ Ascensus, whose technology and expertise help millions of people save for retirement, education, and healthcare, announced that it has entered into a definitive agreement under which Newport Group (Newport), the Walnut Creek, California-based retirement services provider, will merge with Ascensus.The newly combined organization will offer a broader . Chief Compliance Officer. This site is designed for U.S. residents only. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. For more information about Newport Group Consulting and its services, Newport Group Securities, Inc. or Newport Securities Insurance Services and services offered, please refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905, visit our website at www.newportgroup.com, or advisorinfo.sec.gov. To ensure continuity of leadership, operations, and client service through closing, Laura Ramanis who has served as Newport's chief operating officer since 2014has been named interim CEO. Greg Tschider has stepped down as CEO of Newport. Multiple locations. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. Enroll in Your Plan, For account questions or help logging in, About. retirement plan provider mergers and acquisitions, House Votes to Overturn Rule Allowing ESG Investing in Retirement Plans, SS&C Hires Nelson From Tata Consultancy as Retirement Business COO, Senate Follows House in Rejecting DOL ESG Rule, End Of The Road For Defined Benefit Plans? Newport Group was founded in 1985 and its current CEO is Greg Tschider. Ascensus and Newport are both respected leaders in the marketplaceand well-known for service excellence, deep expertise, investment independence, and purpose-built technology, said Musto. NEWPORT GROUP, INC. is a California Stock Corporation - Out Of State - Stock filed on May 14, 2010. Integrity Always." is a registered trademark used under license by Ascensus, LLC. Greg Tschider - University of Wisconsin Law School - LinkedIn Large. About Us | Retirement, Insurance, Consulting | Newport NEWPORT GROUP, INC. :: California (US) :: OpenCorporates Revenue. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. Were redirecting you to the most relevant section of NewportGroup.com. Pensions are not only paid for by private employers. "This transaction is a strategic fit for our company. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Greg Tschider - CEO at Newport Group - Wiza All Rights Reserved 2023 Ascensus, LLC. Greg Tschider - Crunchbase Person Profile The Registered Agent on file for this company is Corporation Service Company Which Will Do Business IN California As Csc - Lawyers Incorporating Serv and is located at 2710 Gateway Oaks Dr Ste 150n, Sacramento, CA 95833.
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