Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 15th, 2014
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 >