Ascensus College Savings Appoints SVP of Advisor Strategy & Investment Management

NEWTON, Mass. - June 10, 2016 - PRLog -- Ascensus College Savings, the nation's largest administrator of 529 plans,¹ announces the appointment of Steve Dombrower, CFA, as senior vice president of advisor strategy and investment management.

In this role, Mr. Dombrower will work to foster new relationships with financial advisor firms in the 529 plan industry and strengthen existing partnerships. He will collaborate closely with Ascensus College Savings' distribution partners to encourage growth and ensure continued success. He will also have responsibility for Ascensus College Savings' investment oversight.

Mr. Dombrower brings over 20 years of financial services and investment management experience to this newly created role. He previously served as vice president and director of college savings for OppenheimerFunds where he was responsible for all aspects of marketing, distribution, and investments for the company's suite of 529 plans.

Mr. Dombrower holds a B.S. in Finance from the State University of New York at Albany and a M.B.A. in Corporate Finance & Investments from Adelphi University. Additionally, he is a CFA charter holder and is a member of the CFA Institute, the New York Society of Securities Analysts, and the Financial Planning Association.

"Steve's deep knowledge of 529 investment platforms and the best-practice strategies employed by advisors in managing and marketing these plans will enable him to support our advisor and distribution partners in a new way," states Jeff Howkins, president of Ascensus College Savings. "With his guidance, we look forward to growing our distribution network as well as enhancing the level of service we currently provide."

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 6.5 million Americans save for the future. With more than 35 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and over 3.5 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country. For more information about Ascensus, visit www.ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.

For more information about 529 plans managed or administered by Ascensus College Savings, call 1-877-529-2980 or visit www.AscensusCollegeSavings.com.

¹ According to Strategic Insight's 529 College Savings Quarterly Data Update for the first quarter of 2016, Ascensus College Savings ranked #1 529 program manager in the U.S. for assets under management.

Before investing in any 529 plan, you should consider whether your or the designated beneficiary's home state offers a 529 plan that provides its taxpayers with state tax and other benefits that are only available through the home state's 529 plan. You also should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

Investment objectives, risks, charges, expenses, and other important information such as specific benefits, limitations, rules and guidance are included in a 529 plan's offering statement; read and consider it carefully before investing.

When you invest in a 529 plan you are purchasing municipal securities whose value will vary with market conditions. Investment returns will vary depending upon the performance of the portfolios in the 529 plan you choose. Depending on market conditions, you could lose all or a portion of your money by investing in a 529 plan. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences. Carefully read any disclosure statements and detailed information relative to your investment goals or needs, or consult with a tax advisor for their specific tax applications or consequences.