| | Breaking News | | The Newport Group and Verisight Become One | | The
Newport Group, Inc. and Verisight, Inc. are joining forces to increase the
size, scale and reach of their respective businesses.
Under
the terms of the agreement, the holding company of Verisight will be renamed
Newport Group Holdings, Inc. and will acquire The Newport Group and Newport
Group Securities. “As operating entities, Verisight and Newport will continue
to operate under their respective brands,” Verisight CEO Greg Tschider told
PLANSPONSOR. The transaction is expected to close by the end of the year,
subject to regulatory approval.
“As a market leader
in non-qualified plans, we will continue to serve the mid- to large-size
markets,” says Newport CEO Peter Cahall. “In the qualified market, where we are also a leader, we serve clients
of all sizes—simple and complex. Both
Verisight and Newport will continue to serve the 403(b) marketplace.”
Read more > | | | Sponsored message from Vanguard | How America Saves
Jean Young, Senior Research Analyst at the Vanguard Center for Retirement Research, shares insights into a report on Vanguard 2013 defined contribution plan data.Read more > |
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