Ascensus has completed its previously announced acquisition of AmericanTCS, expanding its capabilities across retirement services, trust and custody, and financial technology.
The combination advances Ascensus’ strategy of investing in scale, technology, and services supporting advisors, third-party administrators, recordkeepers, asset managers, and wealth managers.
The acquisition also expands Ascensus’ ability to serve small and midsized employers and additional savers through workplace retirement programs.
AmericanTCS adds broader pooled employer plan capabilities and fiduciary services along with trust and custody solutions for institutional partners.
Ascensus also gains technology and workflow products including PensionPro, Hub+, and ERISApedia, which are designed to improve automation, connectivity, and efficiency across retirement-related workflows.
The company plans to integrate AmericanTCS while prioritizing continuity of service and a seamless transition for clients.
Ascensus currently supports more than 16 million savers nationwide across retirement plans, 529 education and ABLE savings programs, insurance solutions, fiduciary services, and other financial programs.
KEY QUOTES:
“Completing this transaction marks an important milestone for Ascensus and AmericanTCS as we bring together two highly complementary organizations with a shared commitment to helping more Americans achieve financial security.”
Nick Good, CEO of Ascensus
“As part of Ascensus, we can build upon that foundation with expanded resources, broader capabilities, and enhanced technology solutions.”
Tim Friday, President of Trust & Custody at Ascensus
