Ascensus` Flexibility Aligns with Commonwealth Model

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Thu Nov 12, 2009 2:56pm EST

DRESHER, Pa.--(Business Wire)--
Ascensus is pleased to announce its partnership with Commonwealth Financial
Network® as a retirement plan provider to the independent broker/dealer-RIA`s
new Retirement Plan Consulting program. The new relationship enhances
Commonwealth`s retirement plan platform, while Ascensus expands its distribution
opportunities with a network of more than 1,200 additional financial advisors. 

Commonwealth sought the flexibility of Ascensus` open-investment architecture
platforms, allowing Ascensus to operate under the firm`s recently released
Retirement Plan Consulting program. Ascensus` SingleSourceTM and
PrudentAdvisorTM provide the ability to tailor plans based on individual needs
and provide access to full-service capabilities, from plan design to ongoing
plan management. 

"Our goal is to create the most effective client relationships and to enable
advisors to provide fiduciary consulting services with true integrity," said Amy
Glynn, Commonwealth`s Director of Retirement Consulting Services. "We
proactively sought a relationship with Ascensus because of its strong reputation
in the industry, outstanding third-party service awards, and recognition and
commitment to the intermediary marketplace." 

"We`re excited to be partnering with Commonwealth and to be offering our
open-architecture retirement plan strategies. With the firm`s heightened focus
on the retirement industry, it has built out retirement capabilities and
resources specifically dedicated to the business. This is another example of an
intermediary channel embracing Ascensus` independent broad array of high-quality
strategies," said Michael Narkoff, Senior Vice President, Sales, Ascensus. 

In September 2009, Commonwealth launched the only vendor-agnostic, fee-based
retirement plan platform from an independent broker/dealer-RIA, providing
universal access to the retirement marketplace with the ability to offer both
plan sponsor and participant-level advice. Aligning with fiduciary standards,
qualified advisors can provide nondiscretionary services on a one-time or an
ongoing basis. 

About Ascensus

With more than 30 years of industry experience, Ascensus provides high-quality
solutions for every segment of the retirement marketplace. Ascensus is a
division of Crump Group, Inc., (CGI). CGI is a leading provider of retirement
services as well as the largest and most diversified wholesale insurance
distributor in the United States. As the nation`s largest independent
recordkeeper and administrator for retirement plans in the micro to large market
segments and a leading provider of regulatory expertise, plan document services
and participant enrollment support, Ascensus services over 27,000 defined
contribution plans. The company`s core capabilities encompass every component of
a sophisticated retirement infrastructure, including administration,
recordkeeping, ERISA consulting, compliance and sales support, trust and custody
services, multilingual participant education programs, training and
documentation. These solutions are offered with the open architecture investment
capabilities that can be tailored to support the needs of institutional
retirement plan providers, third party administrators, financial advisors and
their clients. For more information, visit www.ascensus.com. 

About Commonwealth Financial Network

Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a
registered investment adviser, is celebrating its 30th anniversary as a leading,
privately owned independent broker/dealer, with offices in Waltham,
Massachusetts, and San Diego, California. The firm supports more than 1,200
independent registered representatives nationwide and makes available a
comprehensive array of financial products and services. For more information,
visit www.commonwealth.com.

Ascensus
Michael Narkoff
SVP, Sales
Tel: 215-648-5165 



Copyright Business Wire 2009

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