Ascensus Appoints New Regional Vice President

Frank Castellvi Joins Retirement Plan Sales Team to Support Financial Advisors and Their Clients in the East Territory

Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce the appointment of Frank Castellvi as a regional vice president on the company’s retirement plan sales team.

Tasked with building and maintaining Ascensus’ retirement plan distribution networks, Castellvi will work with financial advisors, third-party administrators, and financial institutions—including institutional and DCIO (defined contribution investment only) partners. He will report to Anthony Bologna, retirement sales divisional vice president of the eastern region.

Castellvi will serve the East territory (covering New Jersey and Delaware) and brings more than 10 years of sales and relationship management experience to his role. Prior to joining Ascensus, he worked as a regional director for defined contribution at Lord Abbett & Co., where he also held roles in business development and internal sales. Castellvi earned his Bachelor of Business Administration degree in Marketing from Loyola University Maryland. He also holds his FINRA Series 7 designation along his NASAA Series 66 certification.

“Frank is a high-quality individual who possesses solid industry experience and expertise along with outstanding business-development and people skills,” said Jason Crane, Ascensus’ head of retirement distribution. “Adding this level of talent to Ascensus’ retirement plan sales team further demonstrates our commitment to serving our financial advisor and employer partners via productive relationships that focus on their unique needs.”

About Ascensus

Ascensus and its affiliated companies help millions of people save for what matters—retirement, education, and healthcare. Through co-branded, private-labeled, and other governmental partnerships, our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers. Ascensus is a leading recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. 

On April 8, 2022, Newport merged with Ascensus. Newport is a leading retirement services provider that helps employers—and the advisors who serve them—prepare employees for a more financially secure retirement through non-qualified and qualified retirement plan solutions, corporate- and bank-owned life insurance, and fiduciary and total rewards services. 

The unified company, operating as Ascensus, has more than $745 billion in assets under administration, serves more than 15 million savers across the U.S., and employs more than 5,500 associates. 

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