Products October 4, 2011

Windham to Offer Retirement Income Strategies in Australian Market

Windham Capital Management has established a relationship with Apostle Asset Management of Sydney, Australia. 
Reported by

As part of the relationship, Windham’s Retirement Income Portfolio will be offered to Australian investors seeking investment products that range from asset accumulation through income generation post-retirement.

As Australia faces an aging population and associated longevity risk, as well as downside investment risk and inflation protection concerns, Apostle is seeking new ways to relieve these market pressures, according to Windham. “Through our partnership with Windham Capital, we can offer institutional investors asset allocation strategies that help fill gaps for a retirement market now highly focused on risk management, liquidity, fee controls and regular income distribution,” said Karyn West, Managing Director, Apostle Asset Management.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

The Windham Retirement Income Portfolio uses proprietary measures to protect against downside risk and invests primarily in exchange-traded funds to access the global markets in a highly liquid and efficient manner. Comprised of income-producing assets that adapt to changing market conditions, the portfolio has the dual objectives of high current income and, over medium to longer periods, keeping pace with inflation.

Deals & People October 4, 2011

Tegrit Group Acquires Advisors Pension Services

Tegrit Group, a provider of retirement plan consulting, administration, and technology services for public and private plan sponsors, has acquired Advisors Pension Services (APS) of Columbus, Ohio.
Reported by

The deal closed September 30, 2011. Bert Nester, founder and president of APS, remains with the company and joins Tegrit Group as the Managing Director of its Columbus office.

Tegrit says the acquisition of APS allows the company to work more effectively with clients and the professional community in the Columbus area.  Combined with Tegrit’s wholly-owned subsidiary, Summit Retirement Plan Services, Tegrit has high expectations for growth in the region.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

“We’ve been doing business in Columbus for over 10 years, and we are extremely pleased to now have a local presence with the completion of this strategic acquisition,” said Michael Spickard, CEO of Tegrit Group and Summit Retirement Plan Services.  “We look forward to providing growth opportunities for our Columbus staff, expanding our Columbus client base and more directly marketing our actuarial consulting expertise in a growing major metropolitan area, which aligns with our long-term growth strategy. We expect to make additional acquisitions of third party administrators (TPA) after the integration of APS has been completed.”

APS specializes in the design, implementation, and administration of retirement plans for a diverse set of clients.

The Tegrit Group, comprised of Tegrit Technologies, Tegrit Administrators, and Summit Retirement Plan Services, provides advanced recordkeeping and software solutions, actuarial consulting, and administration services for defined benefit, defined contribution, cash balance and retiree medical plans. For more information visit Tegrit.com or call 1877-7TEGRIT.

«