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. Greg Tschider is the Chief Executive Officer at Newport Group. Newport Group has entered into a definitive agreement with PNC Bank to acquire its Vested Interest recordkeeping business. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. According to LinkedIn Wendy Cantey started working on 1989, then the employee has changed 6 companies and 13 jobs. Our union confirms the hard work of our dedicated employees and partners. Securities are offered through Newport Group Securities, Inc., a dually-registered investment advisor and broker dealer, member FINRA. . 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. This site is designed for U.S. residents only. 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. Pension Specialists acquires NextStep Defined Contribution, Inc. Pension Specialists, Inc. is founded in California. Privacy PolicyTerms of UseCopyright. Quality First. General FAQ Ascensus gobbles up Newport. Non-Qualified Plans and the Coronavirus According to the announcement, the combination will: Evercore acted as exclusive financial advisor to Newport in connection with the transaction. 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 . Work Experience Chief Executive Officer Newport 2009-2021 President Wilmington Trust 2008-2008 President Institutional Services 2008-2008 President AST Trust 2003-2008 Education Doctor of Law Newport Group acquires the retirement recordkeeping, administrative, and actuarial services business of People's United Bank. Were redirecting you to the most relevant section of NewportGroup.com. Greg Tschider, Verisight Inc: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Francine. Greg has 1 job listed on their profile. 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. The CARES Act Effect on Retirement Plans: Ratings from the Employees at Newport Group's Headquarters According to ZoomInfo records, Greg Tschider's professional experience began in 2003. Since its inception 38 years ago, Newport Group has grown to 1200 employees. call the Participant Service Center at844-749-9981, Managing Challenges for Non-Qualified Plans Related to Coronavirus 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. https . According to LinkedIn Martha started working on 1998, then the employee has changed 3 companies and 3 jobs. Deferred Compensation and Executive Benefit Plans, Insurance Company-Owned Life Insurance (iCOLI), An Update on Our Unification with Ascensus, Newport Awarded Best in Class Honors in 2021 PLANSPONSOR Defined Contribution Survey, Newport Websites Ranked Again Among Best in Industry, Ascensus and Newport to Combine and Create a Leading Provider in Tax-Advantaged Savings, Insurance Company-Owned Life Insurance (ICOLI), Combination represents a compelling strategic fit and creates a leader in tax-advantaged savings that is well-positioned to lead amid industry transformation. Pensions are not only paid for by private employers. Exclusive Hauser Clip, Retiree Health Care Cost Estimates Still Induce Sticker Shock, 401(k)s Increasingly Under Attack in Wake of SECURE 2.0 Passage, Record Increases Forecast for 2023 Contribution and Benefit Limits, Record Increases Projected for 2023 Retirement Plan Limits, Limits on Wealthy Retirement Accounts Not in Inflation Reduction Act, A Fresh Look at Those the WEP Affects, Proposals to Change it, Retirement Savers Withstand 2022 Rollercoaster as Balances Rebound, Good News in PBGC Pension Insurance Data Tables. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. and the Ascensus logo are trademarks of Ascensus, LLC. Rebranded as Verisight, a unified, fully integrated company offering a wide array of retirement services. Greg Tschider is Chief Executive Officer of Newport, a leading independent provider of retirement plans, insurance and consulting services. In todays highly competitive labor market coupled with high inflation and global issues, employers continue to find it more challenging to compete for talent. BILLION IN RETIREMENT ASSETS UNDER ADMINISTRATION, BILLION IN CORPORATE RETIREMENT + INSURANCE ASSETS. All Rights Reserved 2023 Ascensus, LLC. Greg Tschider - Ceo - Newport Group - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. 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? See All 306 Reviews Diversity & Inclusion at Newport 4.3 ( 64 Reviews) Integrity Always." is a registered trademark used under license by Ascensus, LLC. Moreover, the firms say that 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., 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. 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. 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. We expect the service platform investment, product expansion and enhanced capabilities our union will deliver to be well-received by our collective clients. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. In this role, he leads the company's qualified retirement client service teams. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and . This on-demand webinar is focused on key levers for retaining talent in todays complex environment. This transaction is a strategic fit for our company. Job Department. Terms of the deal were not disclosed. To ensure continuity of leadership, operations and client service through closing, Laura Ramaniswho has served as Newports chief operating officer (COO) since 2014has been named interim CEO. Greg Tschider has stepped down as CEO of Newport. Kevin Patrick Senior Vice President Operations & Participant Services Greg Tschider serves as the CEO / President of Newport Group. Securities in California are offered through Newport Securities Insurance Services. With Newports business, Ascensus will also see an expanded tax-advantaged savings participant base, which will now reach more than 15 million people across the United States. The firms hope to be operating as one team by next spring.. "PNC Bank is one of the largest and most-respected brands in the banking industry," says Greg Tschider, CEO of Newport Group. Founded. 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 . The availability of tax advantages or other benefits may be contingent on meeting other requirements. Eric . "PNC Bank is one of the largest and most-respected brands in the banking industry," said Newport Group Chief Executive Officer Greg Tschider. Greg Tschider is based out of San Francisco Bay Area and works at Newport Group as CEO. Greg Tschider 70% approve of Greg Tschider 's performance Founded 1985 Company size 1001 to 5,000 Revenue $25M to $100M (USD) Industry Financial Transaction Processing Headquarters Walnut Creek, CA Link Newport Retirement Services website Opens in a new window Learn more Salaries Acquired Clark Consulting's operations, making us a leading provider of bank-owned life insurance (BOLI). Chief Financial Officer. About NewportHeadquartered in Walnut Creek, California, Newport is a leading retirement services provider that helps employersand the advisors who serve themprepare employees for a more financially secure retirement. Revenue. Newport welcomed several expert panelists, who provided insight on retirement plan liability and fiduciary issues associated with actions taken during this current environment. Newport Group acquires the Vested Interest defined contribution plan recordkeeping business of PNC Bank. 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.