Thursday, July 27, 2006
Principal Financial Buys WM Advisors from Washington Mutual
Retirement fund and asset manager Principal Financial Group Inc. has agreed to buy the Washington Mutual Inc. asset management business, WM Advisors Inc.
Des Moines-based Principal, the nation's largest 401k retirement fund provider, said Tuesday it will pay $740 million cash.
WM Advisors, with approximately 200 employees based primarily in Seattle and Sacramento, Calif., manages the WM Funds, a family of 40 retail mutual funds and variable trust funds, broadly diversified across a range of asset classes.
Principal Financial Buys WM Advisors from Washington Mutual
Source: Insurance News Net
Des Moines-based Principal, the nation's largest 401k retirement fund provider, said Tuesday it will pay $740 million cash.
WM Advisors, with approximately 200 employees based primarily in Seattle and Sacramento, Calif., manages the WM Funds, a family of 40 retail mutual funds and variable trust funds, broadly diversified across a range of asset classes.
Principal Financial Buys WM Advisors from Washington Mutual
Source: Insurance News Net
Permalink posted by armandn @ 7:44 AM 
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