OneAmerica companies now distributing Premier Trust through registered representatives
Unique arrangement provides retirement plan option with a pure trust solution and open architecture
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
For Immediate Release:
Indianapolis (March 22, 2011) – McCready and Keene, a OneAmerica company, announced today that its trust solution platform, Premier Trust, is now available for distribution via registered representatives.
“The ability to sell a retirement plan on the Premier Trust platform means registered representatives can now offer clients greater flexibility with a robust and extensive array of fund options,” said Bill Yoerger, senior vice president of the retirement services division of American United Life Insurance Company® (AUL), a OneAmerica company. “It provides access to the type of trust solution plan sponsors are expecting more and more.”
Premier Trust is provided through OneAmerica’s actuarial and consulting firm, McCready and Keene, Inc., and distributed nationally. It was launched in late 2010 to target plans with assets of $5 million and above. Premier Trust provides full fee transparency and can use open architecture to provide access to thousands of mutual funds, or plan sponsors can choose from a pre-screened line-up of 200 investment options from 38 fund families. In addition, the program offers quarterly due diligence reporting and a customized approach based on an open investment platform.
Wilmington Trust will serve as trustee and trading partner for Premier Trust plans sold by registered representatives. “We look forward to continuing our work with McCready and Keene, Inc. and supporting the Premier Trust platform,” said Charlie Russella, president of Wilmington Trust Retirement and Institutional Services.
“Launching Premier Trust was a complete recalibration of our capabilities,” said Mark Glavin, vice president of sales for AUL Retirement Services. “Now, through the registered rep distribution channel, we throw the doors wide open to expose many more mid-to-large sized retirement plans to our value-added offerings like our local service teams, award-winning custom communications and front-of-line processing and reporting.”
“The truth of the matter is we’re rapidly gaining on the behemoths of our industry, while still maintaining our dedication to service,” added Yoerger.
About McCready and Keene, Inc.
McCready and Keene, Inc., a OneAmerica company, is an actuarial and retirement benefits consulting firm that focuses on designing, installing, and administering customized retirement plans. Based in Indianapolis, IN, McCready and Keene provides trust programs that can use an open architecture investment platform for defined benefit, 401(k), 403(b), employee stock ownership, money purchase pension, and profit sharing retirement plans.
About AUL
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL uses a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers prepare for tomorrow by helping to protect their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plan products and services; individual life insurance, annuities, long-term care solutions and employee benefit plan products. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers and other distribution sources that are committed to increasing value to our policyholders by helping them prepare to meet their financial goals.
About Wilmington Trust
Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory Services for high-net-worth clients in 33 countries, and Corporate Client Services for institutional clients in 90 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.
Wilmington Trust Corporation is not an affiliate of American United Life Insurance Company®, McCready and Keene, Inc., or OneAmerica and is not a OneAmerica company
McCready and Keene provides administrative and record keeping service and is not a broker/dealer or an investment advisor. Neither McCready and Keene nor its employees provide tax, legal or investment advice.
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