Transamerica Retirement Management, Inc., Selects Morningstar Investment Services to Provide Portfolio Management Services
CHICAGO, May 5, 2010 - Transamerica Retirement Management, Inc. (Transamerica) now provides Morningstar® Managed PortfoliosTM (MMP) by Morningstar Investment Services (MIS), a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Transamerica financial advisors will have access to the MIS line of actively managed asset allocation mutual fund portfolios, online back-office capabilities, proposal generation and communication tools, and client relationship management system.
“At Transamerica, our desire is to deliver financial planning resources to a wide range of individuals at all income levels,” Phil Eckman, CEO of Transamerica Retirement Management, Inc., said. “Working with Morningstar Investment Services helps us provide access to professionally managed strategic mutual fund portfolios at an affordable price—offerings usually reserved for high-net-worth investors.”
Offered exclusively through financial advisors, the MMP Mutual Fund Asset Allocation Series is strategically built to meet different investment time horizons and risk levels. Every portfolio is actively managed according to a proprietary asset allocation and mutual fund evaluation system utilized by MIS and grounded by Morningstar, Inc.’s independent fund and stock research. Transamerica financial advisors will also have access to the MIS web-based platform that provides access to client information, portfolio updates, program details and client communication resources. Interactive tools, such as suitability profiling and personalized proposal templates, provide robust client management capabilities.
“Retirement planning is a complex, long-term journey that requires a strong bond between advisor and client,” Jeff Ptak, Chief Investment Officer and President of Morningstar Investment Services, said. “We’re pleased to offer our objective research, portfolio management expertise, and client relationship platform to Transamerica financial advisors to assist them in developing a comprehensive retirement strategy for their clients.”
About Transamerica Retirement Management, Inc.
Transamerica Retirement Management, Inc. (TRM) is an AEGON company focused on helping individual investors create personalized retirement asset management strategies. TRM financial advisors are Registered Representatives and Investment Advisor Representatives with Transamerica Financial Advisors, Inc. (TFA), member FINRA, SIPC, and Registered Investment Advisor. TRM and TFA are affiliated companies.
About AEGON N.V.
AEGON is an international life insurance, pension and investment company based in The Hague, The Netherlands. With businesses in over twenty markets in the Americas, Europe and Asia, the AEGON companies employ approximately 28,000 people and have over 40 million customers across the globe. In the U.S., AEGON companies provide clients with a full range of insurance, pension, supplemental health and related investment products through the operating divisions of member insurance companies. Respect, quality, transparency and trust are AEGON’s core values.
About Morningstar Investment Services, Inc. and Morningstar, Inc.
Morningstar Investment Services, Inc. is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. It offers the Morningstar® Managed PortfoliosSM service, a turnkey, discretionary investment management program through financial advisors. As of December 31, 2009, Morningstar Investment Services had $2.1 billion in assets under management. For more information about Morningstar Investment Services, please visit: www.mis.morningstar.com.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on nearly 325,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 19 countries and minority ownership positions in companies based in three other countries.
