Newkirk will be operated as a unit of DST’s Output Solutions business segment.
According to a news release, with this acquisition, companies in retirement planning, managed care and wealth management will benefit from a broader suite of communications capabilities and services. Newkirk develops and deploys participant and plan sponsor communications, education and investment information.
The acquisition broadens the solution set available to multiple DST business units, making it easier for companies to craft effective customer communications across print, mobile, and electronic channels. It enables clients of DST Retirement Solutions to access a more fully integrated offering that leverages Newkirk’s capabilities geared to the needs of plan sponsors and participants, including communication and education materials, financial planning tools and plan documents.“We gain important capabilities from Newkirk,” said Steve Towle, president of DST Output. “Newkirk brings proven solutions that supplement our industry-leading retirement plan servicing and communications production capabilities, as well as our health care benefits management operations. For our clients, this will translate into additional messaging opportunities to further enhance their customer communications programs.”