PORTLAND, Ore. & ST. PAUL, Minn., December 01, 2022–(Company WIRE)–Conventional Insurance plan Firm (“The Common”) and Securian Economic Team, Inc. (“Securian Money”) currently declared the closing of the acquisition of Securian Financial’s retirement strategy recordkeeping business enterprise by The Regular, in accordance with the terms of the agreement reported on Oct. 18, 2022.
“This transaction delivers with each other two highly regarded organizations and is an important milestone in our measured expansion in the retirement system market,” claimed Dan McMillan, president and CEO of The Regular. “I seem forward to welcoming Securian Financial’s retirement prepare staff, consumers and associates to The Standard.”
The acquisition brings together the recordkeeping company of two vendors with deep abilities in retirement strategy administration, award-winning customer company and a shared target on fiduciary protections. The small business will operate below The Regular model and contain Securian Financial’s retirement options workforce, management, customer interactions and distribution networks. The providers are dedicated to a seamless changeover for clients.
“This transaction positions Securian Monetary to speed up our progress in precedence marketplaces and assistance our clients build protected tomorrows,” claimed Chris Hilger, Securian Financial’s chairman, president and CEO. “After collaborating with The Standard in recent months, I am assured shiny times lie ahead for both equally businesses.”
“The Standard is deeply committed to the retirement plan business enterprise, and the prosperity of expertise signing up for us from Securian Economical furthers our capabilities to present differentiated company for strategy sponsors, members and distribution companions,” mentioned AJ Ijaz, vice president of the Asset Administration Group at The Typical. “I’m thrilled to carry to industry our blended skills, in depth suite of retirement remedies and buyer-initial approach.”
About The Standard
The Standard is a spouse and children of firms dedicated to supporting prospects realize financial perfectly-staying and peace of intellect. In small business given that 1906, we are a foremost company of fiscal safety solutions and expert services for employers and individuals. Our products and solutions include things like group and specific disability insurance, group lifestyle, dental and eyesight insurance, voluntary (worker-paid out) positive aspects, absence management expert services, and retirement options and annuities for employers and individuals. For more information and facts about The Conventional, stop by regular.com or follow us on Fb, Twitter or LinkedIn.
The Conventional is the marketing name for StanCorp Monetary Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a team annuity deal issued by Common Insurance coverage Corporation and a mutual fund belief system for retirement options. Common Retirement Providers, Inc., gives economic recordkeeping and approach administrative products and services. Expense advisory companies are supplied by StanCorp Financial investment Advisers, Inc., a registered expenditure advisor. StanCorp Equities, Inc., Conventional Insurance Company, Typical Retirement Expert services, Inc., and StanCorp Expenditure Advisers, Inc., are subsidiaries of StanCorp Economic Team, Inc., and all are Oregon firms.
About Securian Monetary
At Securian Fiscal, we’re in this article for family members. And we’re right here simply because of it. We’re guided by our reason of assisting shoppers build safe tomorrows. Because 1880, we have been constructing a uniquely diversified enterprise that has outlasted economic ups and downs when being real to our consumers. We present insurance coverage, financial commitment and retirement answers that give families the self-assurance to emphasis on what is truly worthwhile: banking recollections with those who issue most. For a lot more details about Securian Fiscal, stop by securian.com or follow us on Fb, Twitter or LinkedIn.
Securian Financial is the promoting identify for Securian Fiscal Team, Inc., and its subsidiaries. Securian Financial’s retirement program items are available by a mounted annuity deal issued by Minnesota Everyday living Insurance policy Organization or Securian Everyday living Insurance coverage Business, Securian Money Team subsidiaries.
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