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The RPA Edge Podcast: Ascensus CEO David Musto on Acquisitions and Purposeful TechThe RPA Edge Podcast: Ascensus CEO David Musto on Acquisitions and Purposeful Tech

Learn how Ascensus is competing with the Fab Five following the acquisition of the Newport Group in this latest podcast from RPA Edge.

Fred Barstein, The Retirement Adviser University,

February 22, 2022

 

DC record keeper consolidation is heating up affecting almost every RPA who now must decide which providers will prevail in a highly competitive market.

 Here from Ascensus CEO David Musto about their pending acquisition of the Newport Group and what it means for their clients as well as plans for the future of the combined companies.

In this episode, Fred Barstein, contributing editor for RPA Edge, is joined by David Musto, CEO of Ascensus. David shares his experience within the company, discussing why Ascensus decided to acquire Newport and how they can compete with the Fab Five.

David and Fred discuss:

 The rationale behind the acquisition of Newport by Ascensus

  • Integration plans and the impact on clients

  • Will record keeper consolidation continue and what will the profile of the winning organizations look like

  • Why financial advisors struggle to change platforms

  • What does the future horizon look like for Ascensus?

Listen to the RPA Edge Podcast

About the Author

Fred Barstein

The Retirement Adviser University,, Founder and CEO

Fred Barstein is founder and CEO of The Retirement Adviser University, a collaboration with UCLA Anderson School of Management Executive Education, The Plan Sponsor University and 401kTV. He had been contributing editor for InvestmentNews where he created RPAConvergence and the RPA Roundtables & Thinktanks for senior managers at DC record keepers, aggregators, broker dealers and CIOs. He helped create the National Association of Plan Advisors as a member of the founding Leadership Board, Chair of the Membership Committee and was founding Editor-in-Chief for NAPA-Net which he led until 2016. Barstein received his Bachelor of Arts Degree from Boston College and his Law Degree from Cardozo School of Law, Yeshiva University.