Products June 1, 2009

DIA Introduces DB Resource Guide for Advisers

Diversified Investment Advisors, Inc., introduced the Managed DB Financial Advisor Resource Guide to assist retirement plan advisers in their efforts to meet the retirement program needs of defined benefit plan sponsors.
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Diversified, a national investment advisory firm specializing in retirement plans, said its guide provides advisers with background information about the causal effects of the current turbulent market conditions and added regulatory pressure that have created new challenges for plan sponsors.

The resource guide also includes a set of marketing tools to help advisers develop the best plan design, funding strategies, and administrative and risk management solutions for defined benefit plan sponsors, according to a news release.

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“Plan sponsors need access to more sophisticated modeling capabilities and expert resources to understand the implications of investment strategies, outsourcing plan services, and freezing or terminating a defined benefit plan,” said Patrick Kendall, vice president and defined benefit practice leader at Diversified, in the release. “Retirement plan advisers are in the best position to assist sponsors by outlining the implications for them.”

Last year, Diversified introduced a similar resource guide to assist retirement plan advisers in meeting the needs of 403(b) plan sponsors, called Diversified’s 403(b)READY Financial Advisor Resource Guide.

Advisers can request a copy of either resource guide through their local Diversified office, the firm said.

Products June 1, 2009

Federated Investors Acquiring Two Touchstone Mutual Funds

Federated Investors, Inc., announced a definitive agreement with Touchstone Advisors, Inc. under which Federated will acquire certain assets related to the management of Touchstone Value Opportunities Fund and Touchstone Diversified Small Cap Value Fund.
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Two Federated mutual funds will acquire approximately $233 million in assets from the Touchstone Value Opportunities Fund and Touchstone Diversified Small Cap Value Fund. The assets of the $151 million Touchstone Value Opportunities Fund would be reorganized with the Federated Clover Value Fund, and the assets of the $82 million Touchstone Diversified Small Cap Value Fund would be reorganized with the Federated Clover Small Value Fund, a press release said.

In late 2008, Federated purchased substantially all of the assets of Clover Capital Management, Inc., which had sub-advised the Touchstone Value Opportunities Fund and Touchstone Diversified Small Cap Value Fund since their respective inception dates. Since that time, Clover’s business relating to the management of these two Touchstone Funds has been operated within the Federated Clover Investment Advisors division of Federated Global Investment Management Corp., a wholly owned subsidiary of Federated.

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“With the creation of similar funds by Federated following its acquisition of certain assets of Clover Capital Management, Inc. in late 2008, the two fund reorganizations make sense for Touchstone fund shareholders,” Jill T. McGruder, president of Touchstone Funds said. “The reorganizations provide consistency in that each fund will continue to be managed by the same team of managers utilizing substantially the same investment strategies and techniques.”

Federated Investors, Inc. managed $409.2 billion in assets as of March 31, 2009.

For more information, visit

For more information, visit http://FederatedInvestors.com.

 

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