Ascensus and Newport Group announced that the two companies have closed their previously announced merger.<\/p>\n
The merger will now serve more than 15 million participants and oversee more than $745 billion in assets under administration as of December 31, 2021. As of now, the unified company employs more than 5,400 employees across the U.S. Unfortunately, I expect that number to lower, as with most mergers and the look for cost savings.<\/p>\n
David Musto, president, and chief executive officer of Ascensus, will serve as CEO of the combined company.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" Ascensus and Newport Group announced that the two companies have closed their previously announced merger. The merger will now serve more than 15 million participants and oversee more than $745 billion in assets under administration as of December 31, 2021. … Continue reading