Great West Financial Retirement Plan Services Llc

Great West Financial Retirement Plan Services Llc – The acquisition expands the retirement services market to more than 17 million people and $1.4 trillion in AUAs.

GREENWOOD TOWNSHIP, April 4, 2022 – Prudential Financial today announced that it has completed the acquisition of a full-service retirement business.

Great West Financial Retirement Plan Services Llc

Great West Financial Retirement Plan Services Llc

The $3.5 billion purchase will reach more than 17.1 million retirement plan participants with $1.4 trillion in assets under management on behalf of approximately 71,000 clients.

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The business also includes more than 1,800 employees who provide a range of retirement recordkeeping and administration services to financial professionals, plan sponsors and participants.

“This transaction expands our ability to serve the financial needs of Native Americans, their advisors and their owners,” said Edmond F. Murphy III, President and CEO. “This transaction creates a stronger services organization, expands our product offering and deepens our talent pool expertise.”

The closing will acquire Prudential’s defined contribution, defined benefit, non-qualified and revolving IRA businesses, in addition to Prudential’s fixed value and account investment products and platforms. It will expand its already extensive workplace savings plan, which includes 401(k) plans for large, medium and small businesses. Government plans range from state-level plans to municipal agencies to nonprofit 403(b) plans; and co-negotiate the Taft-Hartley Plan.

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“We will continue to expand our services to better serve the retirement and wealth management needs of millions of people on their financial journey,” said Murphy. “By scaling, we can provide the advice and guidance that is needed by combining our own and digital offerings.”

Eversheds Sutherland Legal Counsel, Goldman Sachs & Co. LLC and Rockefeller Capital Management served as financial advisors.

With more than 17 million pension plan participants, the nation’s second largest retirement plan record holder among all participants.

Great West Financial Retirement Plan Services Llc

Serving all segments of the employer-sponsored retirement plan market: Government 457 plans Small, medium and large business 401(k) clients Non-profit 403(b) units Private company enrollment clients and IRA clients. A subsidiary of Private Equity, an industry-leading hybrid asset manager. Connect with us on Facebook, Twitter, LinkedIn and Instagram for more information.

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1 to April 1, 2022. Great Western Life and Annuity Insurance Company of New York (GWLANY) and Prudential Retirement Insurance and Annuity Company (PRIAC) of New York. These assets represent the projected consolidated assets under management (AUA) of Prudential Financial Corporation (AUA) as of December 31, 2021, and the full-service retirement industry. AUA is a non-GAAP measure and does not reflect a company’s financial stability or strength. As of December 31, 2021, GWLA has statutory assets of $75.9B and total liabilities of $73.0B, GWLANY has statutory assets of $4.1B and total liabilities of $3.9B, and PRIAC has statutory assets of $100.329B dollars, total debt is $9 8.79 b. .

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Carefully consider your investment objectives, risks, fees and expenses. Please refer to the prospectus, summary prospectus or disclosure document for unregistered products for SEC registered products and, if available, include this information. Please read each carefully before investing.

When these securities are offered, they are offered and distributed by Financial Services Corporation, an affiliate of member FINRA/SIPC.EFSI Retirement, LLC. Funds, Inc. and Investment Advisors, The Advisory Group, LLC. This material is for informational purposes only and is not intended to constitute investment, legal or tax recommendations or advice.

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Important: Estimates or other information generated on this site by investment analysis tools about the likelihood of various investment results are speculative and do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

Insurance Products American Retirement Insurance Company, Corporate Headquarters: Greenwood Village, CO. or in New York, through New York Life and Annuity Insurance Company, Home Office: New York, New York.

Managed Account Services are part of a suite of advisory services provided by The Advisory Group of Registered Investment Advisors LLC.

Great West Financial Retirement Plan Services Llc

Not all features may be available at the time and are subject to change without notice. © 2022 Retirement, LLC. All rights reserved.

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Unless otherwise noted: Not a deposit Not FDIC insured Not bank guaranteed Investments may lose value A spokeswoman for Cedar Rapids, Iowa-based Life Insurance Co. said it is not underwritten by any federal government agency. Transamerica Scott M.

In that role, he was responsible for delivering retirement plans and products to retirement specialist firms, businesses and organizations in the large market planning segment across the western United States, according to LinkedIn. A spokeswoman said Adams will report to Ryan Franken, national sales manager for institutional marketing.

Adams was previously vice president of business development for Corebridge Financial, where he was responsible for institutional retirement plan sales for the West, Southwest and Great Plains regions, according to LinkedIn.

Voya Financial Advisors has hired Rod Toppin as vice president for the Northeast, expanding the company’s wealth solutions sales team, according to an email from New York.

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Toppin will be responsible for covering emerging markets in the Northeast, as well as overseeing sales of new corporate and tax-exempt retirement businesses and establishing key distribution relationships in the Connecticut region. It interacts with cable houses, banks, independent firms and third-party administrators to manage pension plan owners up to $50 million.

Toppin will report to Chris Ekstrom, regional sales manager for the Northeast region, beginning in the position Jan. 9.

Bill Elmsley, Senior Vice President and Sales Leader of Emerging Markets, said, “Rod has many accomplishments including his long-standing consultant and TPA [third-party administrator] relationships. E-mail.

Great West Financial Retirement Plan Services Llc

Investment firm Standard Fund Advisors has appointed Banu Singh as CEO of Standard Australia Limited, reporting to Jed Fogdale, the firm’s head of global portfolio management, a spokesperson confirmed.

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In addition to the new role, Singh will retain his current role as head of Asia Pacific, according to a spokesperson. In Singh’s new role, “along with his portfolio management role, he will work closely with the portfolio team to help plan and execute.”

Singh replaced Green Crane on January 1, although he will continue as executive chairman.

Securian Financial Group Inc. has made several leadership promotions and new hires as the company increases its strategic focus on key markets, including the St. Paul, Minnesota-based provider of insurance, benefits and retirement solutions.

The announcement came months after Securian announced it would sell its recording business to Standard Insurance, which has $17 billion in assets under management, in October 2022. The terms of the deal were not disclosed.

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Among the moves is the promotion of Sid Gandy to executive vice president of employee wellness solutions, where Gandy will report to Chris Hilger, the company’s chairman, president and CEO. Gandy replaces Bruce Shea, who recently retired after 37 years with the company. Gandhi will be responsible for Securian Financial’s largest operations, which include group life insurance and discretionary solutions for employers.

Lydia Chilik has joined Securian Financial as second vice president and practice leader of discretionary benefits, according to a press release. In a new leadership role for the company, Gillick will lead Securian Financial’s efforts to address the market’s need for discretionary solutions.

Jennifer Lastin has been promoted to vice president of technology infrastructure and enterprise solutions, reporting to Pete Berluth, Securian’s senior vice president of enterprise technology. He leads Securian Financial’s technology transformation components, including application modernization and cloud transformation.

Great West Financial Retirement Plan Services Llc

Sarah Kaufman has been promoted to second vice president and chief operating officer, reporting to senior vice president Bob Ehren. Kaufman currently leads the company’s performance capabilities, including modeling and valuation, and is a key strategic advisor to the company’s businesses.

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Suzette Huovinen is the new president and CEO of Securian Asset Management, a financial subsidiary of Securian. He succeeds Sean O’Connell, who will serve as CIO until his retirement in July 2023. Huwin joined Securian Financial in 1997 and was promoted to senior vice president in 2019 when he was appointed CEO of Canadian General Life Insurance and General Manager of Canadian General Insurance, Securian Financial’s Canadian insurance division.

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