Deals & People September 19, 2007

NAPFA Offers Adviser Access to Annuity Platform

The National Association of Personal Financial Advisors (NAPFA) will offer its fee-only members access to institutionally-priced immediate annuities via Hueler Companies’ platform.
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NAPFA-registered advisers will have access to the Income Solutions platform, which facilitates annuity purchases for IRA rollover assets, by the end of September.

NAPFA advisers with access to the platform can request lifetime income annuity quotes on behalf of their clients at lower prices than what is typically available through retail distributors.

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All annuity products offered on the Income Solutions platform can be customized to meet an individual’s personal objectives, are competitively quoted, and provide full fee disclosure, according to a press release.

Some of the companies on the platform include, AIG Life Insurance Company, Hartford Life Insurance Company, Integrity Life Insurance Company, Mutual of Omaha, Principal Life Insurance Company, and Prudential Insurance Co. of America.

“Hueler and NAPFA share a common vision that seeks to empower individual investors with the tools, knowledge, and resources necessary to create retirement income security,’ said Kelli Hueler, CEO of Hueler Companies, in the release.

More information on the annuity platform is at www.IncomeSolutions.com.

Products September 19, 2007

Mutual of Omaha Unveils Fiduciary Support Service

A partnership between Mutual of Omaha and Mesirow Financial will offer plan sponsors access to fiduciary services including investment guidance and monitoring, the companies announced.
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A plan sponsor who is a Mutual of Omaha client and chooses the new fiduciary feature will get help from Mesirow Financial in choosing investment options as well as in monitoring the investments on a quarterly basis, a news release said. Mesirow Financial will serve in a co-fiduciary role.

Mutual of Omaha will offer three levels of fiduciary support:

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  • Product-level support from Mutual of Omaha’s Investment Manager Oversight Committee and the consulting services of Callan Associates, Inc.
  • Plan-level support from the individual plan appointment of investment managers and the addition of the Mesirow Financial program.
  • Participant-level support from individually managed account options

“In light of the increasing fiduciary obligations that today’s plan sponsors face, we are pleased to offer another level of support through our arrangement with Mesirow Financial,’ said Bud Wright, senior vice president of retirement plans at Mutual of Omaha, in the announcement. “This new feature will complement the umbrella of fiduciary support our plan sponsors already receive, giving them added peace of mind.’

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