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Ascensus Announces Partnership with Edward Jones to Provide Expanded Retirement Plan Platform

Ascensus, a leading retirement plan solutions provider, today announced it has partnered with Edward D. Jones & Co., L.P. to provide SingleSource, its open architecture retirement plan platform, to Edward Jones’ more than 12,000 financial advisors.

 
PRLog - Jul. 18, 2011 - DRESHER, Pa. -- Ascensus, a leading retirement plan solutions provider, today announced it has partnered with Edward D. Jones & Co., L.P. (Edward Jones) to provide SingleSource™, its open-architecture retirement plan platform, to Edward Jones’ more than 12,000 financial advisors.

Through this partnership, Edward Jones clients will have access to increased retirement plan investment options, greater flexibility and the custom plan design capabilities provided by Ascensus. As a multi-tiered solution that offers both third-party administrator and full-service options, SingleSource enables Edward Jones clients to construct plan investment menus consistent with their Investment Policy Statements (IPS). For financial advisors, SingleSource provides a broad range of investment options and is designed to give them a competitive edge through tools that help to facilitate plan sales, gather plan assets, simplify plan administration and retain participants.

“We are very pleased to announce our new strategic alliance relationship with Ascensus,” said Edward O’Neal, partner at Edward Jones. “The retirement plan business is a strong focus of Edward Jones and the quality of our strategic partners is very important to us as we help our financial advisors have the product and resources they need to serve the plan sponsors in their communities.”

“This partnership is a win-win situation for Ascensus and Edward Jones, as well as the organizations ultimately using our retirement plan services,” explained Michael Narkoff, senior vice president, Sales for Ascensus. “It enables us to extend our distribution channels to more financial advisors and allows Edward Jones to expand its retirement plan platform. The flexibility of offering multiple high-quality solutions under one umbrella with our SingleSource suite of products provides financial advisors the ability to easily meet the diverse needs of their clients.”

About Edward Jones
Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today.

Edward Jones, which ranked No. 2 on FORTUNE magazine's "100 Best Companies to Work For 2010," is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC.

About Ascensus
With more than 30 years of industry experience, Ascensus delivers high-quality outsourcing solutions for every segment of the retirement plan marketplace. A division of Crump Group, Inc., a leading provider of retirement services and the leading insurance wholesaler in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs. Ascensus provides the tools and services to help people prepare for retirement: ERISA consulting, compliance and technology support, trust services, multilingual participant education, training and documentation. Solutions are offered with open architecture investment capabilities tailored to the needs of institutional partners, third party administrators, financial advisors, plan sponsors and participants. Learn more at www.ascensus.com.

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With more than 30 years of industry experience, Ascensus delivers high-quality outsourcing solutions for every segment of the retirement plan marketplace. A division of Crump Group, Inc., a leading provider of retirement services and the leading insurance wholesaler in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs. Ascensus provides the tools and services to help people prepare for retirement: ERISA consulting, compliance and technology support, trust services, multilingual participant education, training and documentation. Solutions are offered with open architecture investment capabilities tailored to the needs of institutional partners, third party administrators, financial advisors, plan sponsors and participants. Learn more at www.ascensus.com.

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Contact Email:
***@ascensus.com Email Verified
Source:Ascensus
Phone:215-648-8000
Zip:19025
Location:Dresher - Pennsylvania - United States
Industry:Retirement, Financial services, Human resources
Tags:ascensus, 401k, retirement plan, erisa, defined contribution, edward jones, SingleSource, partnership, investment options
Shortcut:prlog.org/11589467
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