Ascensus Partners with 1st Global

Retirement and college savings plan provider Ascensus announced a new distribution partnership with 1st Global.

Through this new distribution relationship, Ascensus says it now serves as a retirement plan services partner for the “only independent wealth management services provider focused on specially selected CPA and estate planning firms.”

1st Global chose to partner with Ascensus based on the company’s ability to provide flexible retirement solutions, the firm notes. Through Ascensus, a fee-based, open-architecture service model is now available for 1st Global’s network of more than 1,000 financial professionals. This can include full service or recordkeeping-only arrangements for Employee Retirement Income Security Act 401(k) and 403(b) retirement plans.

“Ascensus is an adviser-centric company whose proven success in the retirement plan industry is matched with a strong platform,” says Jeff Magson, vice president of sales and platforms at 1st Global. “Partnering with a leader in the defined contribution market and a trusted partner for thousands of companies is a clear win for our existing and future small business clients.”

Michael Narkoff, executive vice president of sales at Ascensus, says the firm looks forward to collaborating with 1st Global advisers to help grow their practices.

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