Does Vanguard own ascensus?

Does Vanguard own ascensus?

VMC is a registered broker-dealer, member FINRA and SIPC. Retirement plan recordkeeping and administrative services are provided by The Vanguard Group, Inc. Ascensus is not affiliated with VMC, The Vanguard Group, Inc., or any of its affiliates.

Is ascensus part of Merrill Lynch?

Ascensus does a lot of businesses through Merrill Lynch, as well as many other major broker dealers, and has been able to leverage relationships with DCiO providers due to their open platform structure.

Is ascensus a recordkeeper?

Ascensus will now serve as the recordkeeper for the heritage BB plans as well as the plans for which it currently serves as outsourced recordkeeper. Financial terms of the deal were not disclosed.

Is ascensus a public company?

Ascensus is not yet publicly traded, so there are no official records providing details about the company’s market cap.

Who is Ascensus owned by?

That year, Genstar and Aquiline acquired Ascensus from J.C. Flowers & Co. in a deal that was worth an estimated $750 million, according to reports. “It has been an honor to be an investor in Ascensus twice in my career,” Schamis says in a statement.

Who purchased Ascensus?

Genstar Capital
Funds managed by Stone Point Capital, along with GIC, Singapore’s sovereign wealth fund, have entered into an agreement to purchase Ascensus from its current private equity ownership group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital.

Who owns Ascensus Inc?

Genstar Capital
Aquiline Capital Partners LLCAtlas Merchant Capital LLCAqGen Ascensus, Inc.
Ascensus/Parent organizations

Who bought Ascensus?

Stone Point Capital
Retirement and savings account provider Ascensus has new owners. Stone Point Capital and GIC are acquiring a majority of the company in a deal valued at $3 billion, two people familiar with the transaction said. Stone Point is a private-equity firm, while GIC is a sovereign-wealth fund from Singapore.

Is ascensus a third party administrator?

Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most—retirement, education, and healthcare.

Is ascensus part of BB?

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—has completed the acquisition of the heritage BB bundled retirement recordkeeping business from Truist Bank that was announced on January 6, 2021.

What type of company is Ascensus?

Ascensus, LLC. is an American financial services company. It offers savings plans of various kinds….Ascensus.

Is Ascensus a good company?

Overall, employees at Ascensus are extremely happy with their team. Overall, the 8 Ascensus employees give their leadership a grade of A-, or Top 15% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.