Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 29th, 2015
OneAmerica to Acquire BMO's U.S. Retirement Business
OneAmerica and BMO Financial Group have reached an agreement for OneAmerica to acquire BMO’s Milwaukee-based, U.S. retirement services business, BMO Retirement Services, with more than 200 professionals with approximately 830 plans. The retirement services businesses of OneAmerica serve more than 11,000 plans and have more than $30 billion in retirement assets under administration. The acquisition raises OneAmerica’s assets under administration by approximately $26 billion, bringing the total to more than $70 billion. Read more >
GRP Expands Alliance with Four Firms
Baystate Fiduciary Advisors, Wharton Hill Advisors, Strategic Retirement Group and Ingham Retirement Group are the newest members of GRP Advisor Alliance’s already formidable group of retirement plan advisers, formed last year. Read more >
John Hancock Offers LPL’s Advice Tool
John Hancock Retirement Plan Services has integrated LPL Financial’s Employee Advice Solution into its recordkeeping platform.The Web-based advice tool asks employees about their financial holdings. Based on that information, participants can receive personalized retirement advice or manage their accounts on their own. The tool also enables participants to engage with an adviser directly, either face to face, online or over the phone. Read more >