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August 27, 2015 4:21 PM ET

Capital Markets

Company Overview of Ascensus, Inc.

Company Overview

Ascensus, Inc. provides independent retirement planning and college savings services in the United States. Its retirement plan services include outsourcing and product distribution, marketing and sales support, plan design and documentation, investments, employee education, plan implementation and conversion, plan administration and recordkeeping, ERISA consulting and compliance, and trust and custody. The company also provides document services, such as contract restatement and amendment, irrevocable trust, rabbi trust, and trusteed buy/sell services; processing and administration services, including fully-administered IRAdirect programs, self-administered IRAdirect programs, and tax report...

200 Dryden Road

Dresher, PA 19025

United States

Founded in 1975

Phone:

215-648-8000

Fax:

215-648-4888

Key Executives for Ascensus, Inc.

Chief Executive Officer and President
President of Ascensus College Savings
Senior Vice President of Client Service
Senior Vice President of Strategic Business Support Services
Vice President of Marketing & Communications
Compensation as of Fiscal Year 2015.

Ascensus, Inc. Key Developments

Teasers Reportedly Sent OUt For Sale Of Ascensus

J.C. Flowers & Co. LLC has sent out nondisclosure agreements (NDA) to potential buyers for the sale of Ascensus, Inc., several sources said. A source stated that NDAs were sent to parties who had recently spent time with Ascensus, who had been aggressive “getting in front” of the company, or who were active in the sale of the company three years ago. J.C. Flowers is seeking $1 billion for Ascensus, persons said. Deutsche Bank is advising on the sale. Sources stated likely bidders include large-cap sponsors such as Kohlberg Kravis Roberts & Co, Blackstone Group, Carlyle Group, Advent International and TPG Capital. The auction is serving as a “backstop” to a possible IPO for Ascensus, the first source said.

Reportedly Ascensus To Explores Sale

Ascensus, Inc. is exploring for a sale as per people familiar with the matter. J.C. Flowers & Co. LLC has hired investment bank Deutsche Bank AG to help run an auction for Ascensus, the people said.

Ascensus Announces Executive Appointments

Ascensus has appointed two new vice presidents to lead national sales and key account management efforts. Anthony Bologna has been promoted to the role of vice president and national sales director. In the position, Bologna takes on responsibility for a team of 14 regional specialists working exclusively with financial professionals in the distribution of retirement plan solutions. He has nearly 20 years of retirement plan experience and has worked with financial professionals in a variety of roles within Ascensus-most recently as a Chicago-based retirement specialist. Ascensus also announced that Ted Samsel has been appointed vice president, key accounts and strategic partners. In this role, Samsel will be responsible for developing and expanding broker/dealer relationships and leveraging the firm's strategic partner team to build deeper relationships with financial professionals. Samsel held marketing, leadership, and administrative positions prior to joining Ascensus.

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