Ascensus, a technology-enabled solutions provider that helps more than 7 million Americans save for the future, has announced the acquisition of independently owned Benefits of Missouri, Inc. (BMI). It will immediately become part of Ascensus' retirement division.
BMI, located in Chesterfield, Missouri, serves more than 800 plan sponsors in the defined contribution retirement plan market through plan design, administration, and consulting services. The firm does not promote specific investment products, which enables it to work with all available investment platforms whether offered through a daily valuation, pooled account, or individual brokerage account environment.
"BMI has always prided itself on the quality of its personalized service and expertise in plan design," says Fabio Perla, president of BMI. "We are excited to join Ascensus and assist employers with the design, implementation, and ongoing administration of their retirement plans."
"BMI has a strong reputation for developing and maintaining client relationships and offering access to a staff of highly educated professionals," states Shannon Kelly, Ascensus' president of retirement. "I'm pleased to welcome them to the Ascensus family and expand our company's footprint in the Midwest."
Ascensus helps more than 7 million Americans save for the future—retirement, college, and healthcare—through technology-enabled solutions. With more than 35 years of experience, the firm offers tailored solutions that meet the needs of asset managers, banks, credit unions, state governments, financial professionals, employers, and individuals. Ascensus supports approximately 50,000 retirement plans, more than 4 million 529 college savings accounts, and a growing number of ABLE savings accounts. It also administers more than 1.5 million IRAs and health savings accounts. As of March 31, 2017, Ascensus had over $151 billion in total assets under administration. For more information about Ascensus, visit ascensus.com.