Deals & People September 5, 2007

Mercer, Financial Engines Expand Alliance to Include Managed Accounts

Mercer HR Services and Financial Engines have worked out an expanded alliance to provide Financial Engines' full suite of advisory services, including managed accounts, to Mercer HR Services' clients.
Reported by

A news release said services provided through the new relationship include individual retirement assessments and professionally managed accounts for the employees of Mercer’s client companies in addition to online investment advice.

Financial Engines introduced its managed accounts program in September 2004 to help employees who would rather delegate management of their 401(k) plan account to an independent professional.

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“Mercer HR Services has long believed that providing participants with independent advice and support is important in helping employees prepare for retirement with confidence,” said Eric Levy, Retirement Business Leader for Mercer HR Services and Division Head of Mercer Securities, in the news release.

Deals & People September 5, 2007

Alerus Scoops Up Stanton Group’s RK and Adviser Services

Alerus Financial will acquire the recordkeeping and advisory operations of the Stanton Group, a Minneapolis-based benefits, compensation and insurance services firm.
Reported by

The changes linked to the acquisition will be effective on August 31 for the recordkeeping deal and September 30 for Alerus’ purchase of Stanton Investment Advisors, according to a press release.

The partnership between Alerus and Stanton began in October 2006 when Stanton Trust Company joined Alerus.

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“We feel this transition will better meet the needs of our clients, allowing them access to all retirement-related services under one roof,” said Jeff Nevin, Stanton Group’s CEO, in the press release. “It will also allow Stanton Group to re-focus its energy on its core businesses, including employee benefits, compensation and survey consulting, property & casualty services, and actuarial consulting,’ he continued.

For more information visit www.stanton-group.com.

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