Transamerica has acquired TAG Resources, a Knoxville, Tennessee-based retirement services company, to bolster its offerings of pooled employer retirement plans.
“The addition of TAG’s technology and service model will enable Transamerica to further expand its pooled retirement plan offerings to third-party administrators (TPAs), financial advisers, broker-dealers, and defined contribution investment only (DCIO) exchange partners,” the company said in a release.
Terms of the acquisition were not disclosed.
Since the SECURE Act gave the go-ahead for pooled employer plans, dozens of providers have registered with the Department of Labor to provide PEPs.
[More: Wave of PEPs hits the market]
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
