Thursday, November 15, 2007

 

AIG VALIC Introduces Independent Investment Advisory Services into K-12 403(b) Market

AIG VALIC, a national leader in retirement plan services for both non-profit and for-profit education, healthcare and government organizations, today announced that it has entered into an agreement with Ibbotson Associates, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., to launch a new 403(b) product enhancement for the K-12 education market. Ibbotson will create and monitor a list of investment options derived from the offerings available in VALIC’s Portfolio Director variable annuity. This service provides plan sponsors with independent, third-party expertise from Ibbotson in the selection and oversight of their plans' investment choices.

AIG VALIC Introduces Independent Investment Advisory Services into K-12 403(b) Market
Source: Business Wire

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