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Synopsis
Ascensus, an American financial services company, completed the merger with Newport Group, a California-based retirement services provider. Financial terms were not disclosed. "With today's announcement, Ascensus and Newport have taken an important step in our journey towards a stronger, unified company. Clients across our lines of business will benefit from our expanded capabilities—accelerated investments in technology, data analytics, and user experiences—and broadened expertise. And both Ascensus and Newport associates can look forward to new opportunities for personal growth and enhanced career development," David Musto, Ascensus President and CEO.
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