All Episodes

February 22, 2022 28 mins

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?
  • Connect with David Musto:

  • David Musto
  • Ascensus
  • Connect with Fred Barstein:

  • Fred Barstein
  • WealthManagement.com
  • About Guest:

    As President and CEO of Ascensus, David is responsible for leading execution of the firm’s overall corporate strategy as well as overseeing all facets of its Retirement, FuturePlan, Government Savings, and Health & Benefits lines of business. He has more than 30 years of experience in the retirement, investment, and insurance industries. Prior to joining Ascensus, David was president of Great-West Investments. He earned a master’s degree in finance and international business from NYU, Stern School of Business, and a bachelor’s degree in finance from The College of William and Mary.

    Mark as Played

    Advertise With Us

    Popular Podcasts

    24/7 News: The Latest
    Dateline NBC

    Dateline NBC

    Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

    The Clay Travis and Buck Sexton Show

    The Clay Travis and Buck Sexton Show

    The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.

    Music, radio and podcasts, all free. Listen online or download the iHeart App.

    Connect

    © 2025 iHeartMedia, Inc.