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. Greg Tschider, who led Newports successful growth strategy, has stepped down as CEO of Newport. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. CEO of Newport Group San Francisco Bay Area. Founded. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. We expect the service platform investment, product expansion, and enhanced capabilities our union will deliver to be well-received by our collective clients. Terms of the deal were not disclosed.PNC Bank is one of the largest and most-respected brands in the banking industry, says Greg Tschider, CEO of Newport Group. As a provider and partner, Newport is independent, experienced and responsive. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. and the Ascensus logo are trademarks of Ascensus, LLC. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. 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. With industry-leading qualified and non-qualified retirement plan services, fiduciary consulting services, and corporate and bank-owned life insurance practices, Newport will expand the solutions and expertise Ascensus provides to its clients and advisor partners. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. In that time, employees at the company's offices nationwide have helped more than 3,600 children get new shoes, jackets and socks! Contacts. On average, Martha works for one company for 9 years 9 months. " This transaction is a strategic fit for our. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. 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. Newport Group Consulting, LLC, Newport Group Securities, Inc., and Newport Trust Company are subsidiaries of Newport Group, Inc., an Ascensus Company. Peers. According to ZoomInfo records, Greg Tschider's professional experience began in 2003. 1 email found 3 phone numbers found . 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. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Retirement plan participants can call Newports Participant Service Center at 844-749-9981, Monday through Friday, 8 a.m. to 8 p.m. 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. Quality First. As one company, well deliver so much more than the sum of our capabilitiesand set a new performance standard for service excellence and client satisfaction in the markets we serve. 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. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Were here to provide trusted guidance during this period of uncertainty. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. To ensure continuity of leadership, operations, and client service through closing, Laura Ramaniswho has served as Newport's chief operating officer since 2014has been named interim CEO. "Evercore's institutional trust and independent fiduciary business has earned the confidence and dedication of its clients through its reputation as a best-in-class service provider and is well-positioned for future growth," said Newport Group Chief Executive Officer Greg Tschider. The CARES Act Effect on Retirement Plans: Enroll in Your Plan, For account questions or help logging in, 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. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus Eric . Evercore acted as exclusive financial advisor to Newport in connection with the transaction. The Newport Group, DailyAccess, and Verisight rebrand as one retirement, insurance and consulting services provider: Newport. 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.. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. 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. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. It takes less than ten minutes to set up your company page. Copyright 2015-2023 Newport Group, Inc. All rights reserved.Unauthorized access is prohibited. Greg Tschider is the Chief Executive Officer at Newport Group. General FAQ Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). Laura Ramanis Chief Operating Officer Laura Ramanis serves as the Chief Operating Officer of Newport Group. He previously served as president of Wilmington Trust Retirement and Institutional Services Company (a member of the Wilmington Trust Company family; NYSE: WL) and its predecessor company, AST Capital Trust Company of Delaware. 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. Securities in California are offered through Newport Securities Insurance Services. 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. General FAQ This site is designed for U.S. residents only. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing, according to the announcement. WALNUT CREEK, CA, June 8, 2018 -- Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today that the company has reached an agreement with the private equity firm Kelso & Company (Kelso). Participant Login FAQ The company's filing status is listed as Active and its File Number is 3307407. View Andre Mintz. 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? Were redirecting you to the most relevant section of NewportGroup.com. 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. Size. She will be supported by Kurt Laning, executive vice president, nonqualified and insurance solutions, along with Newports senior management team. For more information, visitascensus.com. Joining with Ascensus provides additional resources to continue the expansion of services, and I am excited to see the new ways that our combined associate teams will work together for our clients., Noting the significant opportunities to capitalize on the strengths of both companies, Musto said, Ultimately, the talent and extensive experience of our organizations are the most valuable assets our companies bring to this combination. Ugift is a registered service mark. CEO. . Plan Sponsor Liability and Fiduciary Responsibilities in Light of COVID-19 You can read Newports comprehensive analysis of this important legislation here. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. This site is designed for U.S. residents only. Were redirecting you to the most relevant section of NewportGroup.com. 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 . NEWPORT GROUP, INC. is a Texas Foreign For-Profit Corporation filed on December 14, 2015. Check out all Newport jobs Newport Moline, IL office. Greg Tschider, who led Newport's successful growth strategy, has stepped down as CEO of Newport. Director, Executive Finance, Legal, Operations. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. In addition, the companies both invest in technology and offer digital capabilities and analytics. University of Wisconsin-Madison Bachelor Business Administration Recent News and Activity There is no recent news or activity for this profile. Greg has 1 job listed on their profile. ET. 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. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Wendy Cantey has been working as a Senior Vice President of Strategic Initiatives and the Enterprise Project Management Office, Technol for Newport Group for 1034 . In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. The company's filing status is listed as Withdrawn and its File Number is 800135460. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. DailyAccess expands service offerings to health and welfare and investment advisory services. Expand thetax-advantaged savings participant base of more than 15 million people across the country, Increase Ascensus-administered assets under administration to more than $700 billion when combined with Newports business, Provide management to $184 billion in government savings accounts (including 529 plans, ABLE savings accounts, and state-facilitated retirement programs), more than 700,000 health and flexible savings and COBRA accounts, nearly 300,000 COLI/BOLI policies, and more than 140,000 non-qualified retirement plan participant accounts, Why the New ESG Rule And Why Now? Investing Companies. During his tenure, AST grew into one of the leading independent trust companies in the country. Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser. Securities in California are offered through Newport Securities Insurance Services. Newport's experts provideda comprehensive review of this unprecedented legislation and how it impacts the day-to-day operations of retirement plans. Website. Youll learn how you can enhance your hiring and retention strategies. The materials contained herein are intended for instruction only and are not a substitute for professional advice. Since then Greg has changed 4 companies and 2 roles. Chief Financial Officer. With . Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. General FAQ Jacqueline Ward. 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. Verisight will continue to be led by Greg Tschider, who helped a family business based in Chicago roll up trust and custody firms before they sold that and moved on to the record keeping industry. Participant Login FAQ Not Quite, The ERISA Industry Committee Promotes Two, Announces Priorities. Musk Made a Mess at Twitter. Alexa Gellinger. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Most providers of our size are attached to a larger financial institution. We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. Depending on your interaction with Ascensus, other privacy policies may apply in addition to this Policy. Our union confirms the hard work of our dedicated employees and partners. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. 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. 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. 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. David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. Please update your bookmarks accordingly. "This transaction is a strategic fit for our company. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. 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. Revenue. She will be supported by Kurt Laning, executive vice president, Non-Qualified and Insurance Solutions, along with Newports senior management team. 644 followers 500 . To ensure continuity of leadership, operations, and client service through closing, Laura. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. 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. Together with its affiliate, Verisight, Inc., the firm has approximately 1,000 associates across the nation, more than 9,500 plans with over 975,000 plan participants, and services more than $120. This site is designed for U.S. residents only. Please update your bookmarks accordingly. Get a D&B Hoovers Free Trial. Above it says due to getting pension that SS was not collected on will have to adjust. Terms of the deal were not disclosed. Scott Pollack. Please update your bookmarks accordingly. Most people dont plan to stay in touch with their former employer after they change jobs or retire. Search Contacts. This webinar provided insight onthe unique economic impact that the coronavirus pandemic has had on non-qualified executive benefit plans. " PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. The Newport Group expands service offerings to non-qualified plans, BOLI/ COLI, and fiduciary consulting. Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. Youll learn how you can enhance your hiring and retention strategies. The Registered Agent on file for this company is Corporation Service Company D/B/A Csc-Lawyers Incorporationg Service Company and is located at 211 E. 7th Street, Suite 620, Austin, TX 78701-3218. Terms of the transaction were not disclosed. In addition, the companies respective investments in technology, digital capabilities, and analytics will deliver enhanced value to clients, expand client relationships, and create better outcomes for savers. The CARES Act Effect on Retirement Plans: David Musto, president and CEO of Ascensus, will serve as CEO of the combined company, while Greg Tschider has stepped down as CEO of Newport. Ramanis and Laning will join the Ascensus executive leadership team and remain with the unified company post-closing. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. With Newports business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts. Greg Tschider has stepped down as CEO of Newport. Our online Knowledge Center is continually updated with the latest news and information relevant to our clients and retirement plan participants.
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