Products November 9, 2009

Mutual of Omaha Adds 457(b) Retirement Solution

Mutual of Omaha has added a 457(b) retirement platform to its lineup of retirement solutions.

 

Reported by

Underwritten by Mutual of Omaha affiliates United of Omaha Life Insurance Company and Companion Life Insurance Company, the new 457(b) retirement solution includes the following: 

  • a lineup of investment options, including risk-based and time-based asset allocation portfolios, individually managed account options, and a self-directed brokerage account with access to unlimited fund choices;
  • fiduciary support, including product-level investment oversight, plan-level guidance from third party experts and participant-level professionally managed account options;
  • recordkeeping and plan administration support, including online access to plan data, installation and conversion support, ability to work with a range of payroll formats, contribution and distribution processing, quarterly reporting, custodial and trust services and 1099-R services;
  • tax compliance and plan document support by RSM McGladrey, Inc., a national TPA specializing in 457(b) plans;
  • ongoing customer service and education, including enrollment support, a dedicated relationship manager, 24-hour plan access and online services.

More information is available at www.getretirementright.com.

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Deals & People November 9, 2009

Old Mutual Beefs up Sales Team

Old Mutual Asset Management (OMAM) named Brian Carroll, Paul Williams, and Mark Bentley as heads of the Institutional, Non-US, and Retail distribution teams, respectively.

Reported by

A news release said the three will report to Matthew J. Appelstein, executive vice president and head of Sales and Marketing.

According to the company, Carroll previously was OMAM’s director of sub-advisory services and also oversaw the defined contribution investment-only effort.  Along with his current responsibilities, he will now also assume responsibility for the Consultant Relations initiative. 

He has 20 years of experience in the investment management industry; the last five of which have been with Old Mutual Asset Management.

Bentley joins Old Mutual Asset Management from Rydex SGI, where he was managing director and national sales manager of the RIA Channel.  Bentley and his team will focus on the professional buyer channels, which include registered investment advisers (RIAs), family wealth offices, and bank trusts.

Meanwhile, Williams has overseen Old Mutual Asset Management’s European efforts for the past year. Going forward, his recently expanded team will focus on Europe and the Middle East.

Williams has more than two decades of experience in the asset management industry, and previously was a director at Fidelity International, with responsibility for institutional business development within the U.K.

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