Products July 18, 2011

Ascensus to Partner with Edward Jones

Ascensus announced a partnership with Edward D. Jones & Co. to offer its open-architecture retirement plan platform, SingleSource, to a wider client base.
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The multi-tiered solution offers both third-party administrator and full-service options, and allows clients to construct plan investment menus consistent with their Investment Policy Statements. Edward Jones clients will have access to increased retirement plan investment options, greater flexibility and the custom plan design capabilities provided by Ascensus.

For Edward Jones’s more than 12,000 financial advisers, SingleSource provides a broad range of investment options and a series of tools to help facilitate plan sales, gather plan assets, simplify plan administration and retain participants.

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“We are very pleased to announce our new strategic alliance relationship with Ascensus,” said Edward O’Neal, partner at Edward Jones. “The retirement plan business is a strong focus of Edward Jones and the quality of our strategic partners is very important to us as we help our financial advisers have the product and resources they need to serve the plan sponsors in their communities.”

Deals & People July 18, 2011

Edge Names New Head of Fixed Income

Edge Asset Management has appointed Greg Tornga as portfolio manager and head of fixed income.
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Tornga brings fifteen years of experience to Edge, and will lead the firm’s fixed income portfolio management team. His responsibilities will include overseeing $5.2 billion in core plus and investment-grade fixed income assets under management; the firm’s AUM have increased by 47% since June 2009 – to $20.6 billion as of June 30, 2011.

Tornga previously served as senior vice president and head of investment grade credit at Payden & Rygel Investment Management in Los Angeles. He is a CFA charter holder and earned his MBA from the Argyros School of Business at Chapman University.

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“Greg’s addition brings years of proven performance and investment experience to a key area of focus for the firm,” said Jill Cuniff, president of Edge Asset Management. “We look forward to adding his leadership to this high performing team, and we count on his expertise being a valuable asset to our clients.”

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