Ascensus Announces Completion of Upromise Investments Acquisition

DRESHER, Pa. - Dec. 3, 2013 - PRLog -- Ascensus, the nation’s largest independent retirement plan services provider, announced today that it has completed the acquisition of Upromise Investments, Inc., and its affiliates, that was previously announced on September 25, 2013. Upromise Investments is the leading program manager and recordkeeper of 529 college savings plans with over 2.8 million accounts and $50 billion in assets under administration. The business was previously owned by Sallie Mae.

The acquisition extends Ascensus’ footprint into the college savings arena and helps diversify the company into a new market with characteristics that are similar to its core recordkeeping strengths. As a result of the acquisition, Ascensus now helps 5.9 million Americans save for a college education and retire successfully.

“We’re delighted to welcome the Upromise Investments associates to the Ascensus family,” said Bob Guillocheau, president and CEO at Ascensus. “We believe this is a great opportunity to serve our clients as the retirement and college savings plan provider of choice.”

About Ascensus
With more than 30 years of industry experience, Ascensus is the largest independent retirement plan services provider in the United States. Ascensus partners with financial institutions to offer tailored solutions to meet the needs of financial professionals, employers, and individuals. In total, the organization provides recordkeeping and administrative services to over 43,000 retirement plans and administers over 1.4 million IRAs and 110,000 health savings accounts. Recognized as a top workplace, Ascensus is home to 1,200 highly trained associates and one of the largest ERISA consulting practices in the country. For more information, visit

Roberta Hess
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Tags:Ascensus, Upromise Investments, Acquisitions, Retirement, College Saving
Location:Dresher - Pennsylvania - United States
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