Transamerica

Pacific Oak Capital Markets Hires Jim Sears as Senior Regional Vice President for the Four Corners Territory

Retrieved on:

Monday, March 11, 2024

Black Creek Group, Transamerica, True Life, FINRA, American International Group, Financial adviser

LOS ANGELES, March 11, 2024 /PRNewswire/ -- Pacific Oak Capital Markets, LLC , an alternative investment distributor, announced today that financial services industry veteran Jim Sears has joined the company as senior regional vice president.

Key Points:

LOS ANGELES, March 11, 2024 /PRNewswire/ -- Pacific Oak Capital Markets, LLC , an alternative investment distributor, announced today that financial services industry veteran Jim Sears has joined the company as senior regional vice president.
In his new position, Sears will be responsible for building and maintaining relationships with financial intermediaries throughout Arizona, Colorado, Nebraska, New Mexico and Utah.
"We are very excited to welcome a seasoned professional of Jim's caliber to the Pacific Oak team," said Jeff Kremin, president and managing director of distribution for Pacific Oak Capital Markets.
Sears brings more than 25 years' experience developing key relationships among professional investment advisors and has raised more than $600 million in capital through various offerings and sales cycles.

Banc of California Names Greg Smith to Lead Digital Strategy

Retrieved on:

Thursday, March 7, 2024

Professional Services, Apps, Applications, Technology, Finance, Software, Banking, Innovation, Woman, Digital, Banq, Smith, Banc of California, City National Bank, Parenting, Elizabeth House, Transamerica, BANC, Cryptocurrency

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy.

Key Points:

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy.
In this role, Smith is leading a team that will augment the bank’s client-centric digital experience, including its online and mobile banking tools.
Smith is based in Los Angeles and reports directly to Chief Operating Officer John Sotoodeh.
“It was clear to me from the start that Banc of California is committed to technology and innovation, which is why I’m thrilled to be leading its team of very talented digital strategy professionals.”

Level Up Insurance Partners with Industry Giants Aetna, Americo, and AIG to Enhance Client Service

Retrieved on:

Wednesday, January 17, 2024

Hope, Partnership, Insurance, Transamerica, Name, AIG, Trust, AI, Foresters Financial, Fidelity Investments, Financial services

Doral, Florida--(Newsfile Corp. - January 17, 2024) - The founder and CEO of Level Up Insurance, Joseph Gonzalez , has announced his company's partnership with industry titans to provide top-notch health and life insurance services to clients.

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Doral, Florida--(Newsfile Corp. - January 17, 2024) - The founder and CEO of Level Up Insurance, Joseph Gonzalez , has announced his company's partnership with industry titans to provide top-notch health and life insurance services to clients.
These names include multinational companies like AIG, Fidelity Investments, Foresters Financial, Aetna, and Transamerica.
Affiliating with these companies is expected to build trust and hope in a more technologically advanced insurance industry as Level Up Insurance continues to leverage AI and other modern technologies.
As Level Up Insurance continues to foster relationships with top insurance industries, the company is expected to advance in the insurance and technology sectors by leveraging data and analytics.

AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

Retrieved on:

Wednesday, December 20, 2023

Banking, Professional Services, Insurance, Finance, Risk, Credit, AM Best, Mortality, Transamerica, News, COVID-19, Aegon, ASR Nederland, Transamerica Corporation, Risk management, ALL, AEG, Life

The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

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The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
The company was renamed to Aegon Ltd. from Aegon N.V. and on Oct. 1, 2023, the Bermuda Monetary Authority became Aegon Ltd.’s group supervisor.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Aegon’s trading update for third quarter 2023

Retrieved on:

Thursday, November 16, 2023

Aegon, Pension, CET, Subaru Global Platform, Retirement, Asset, Q&A, EUR, Bermuda Monetary Authority, Capital market, Share repurchase, Savers (UK retailer), Partnership, WFG, Growth, Holding, Life insurance, Telescopic sight, Transamerica

We expect the full-year 2023 operating capital generation from the units to be around EUR 1.2 billion; up from the previous guidance of more than EUR 1.0 billion.

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We expect the full-year 2023 operating capital generation from the units to be around EUR 1.2 billion; up from the previous guidance of more than EUR 1.0 billion.
As outlined at our Capital Markets Day 2023 in June, a key strategic focus is to ensure that our US business, Transamerica, reaches its full potential.
In the third quarter, Transamerica’s Strategic Assets have continued to deliver growth.
Second half 2023 results – March 1, 2024
First quarter 2024 trading update – May 16, 2024
Annual General Meeting – June 12, 2024
First half 2024 results – August 22, 2024
The conference call and Q&A can be followed via a live audio webcast on our website.

Snowden Lane Partners Continues National Expansion; Opens 14th Office in Colorado

Retrieved on:

Thursday, November 30, 2023

They will form Snowden Lane’s latest team, Mountain West Advisors, with $100 million in total client assets, and spearhead the opening of the firm’s 14th office location in Golden, Colorado.

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They will form Snowden Lane’s latest team, Mountain West Advisors, with $100 million in total client assets, and spearhead the opening of the firm’s 14th office location in Golden, Colorado.
Snowden Lane now boasts offices in 10 different states, with the Colorado location giving the firm a presence in each of the contiguous states’ four different time zones.
“Schuyler and Wendell are exceptional advisors, and we’re thrilled that they’ll be leading our expansion in Colorado,” said Lyle LaMothe, Chairman of Snowden Lane Partners.
The Financial Times named Snowden Lane to its elite FT 300 list for six straight years, recognizing Snowden Lane as one of the top independent RIA firms in the U.S.

Strengthening the U.S. Retirement System Requires Recognizing and Addressing Demographic Disparities

Retrieved on:

Friday, December 15, 2023

LOS ANGELES, Dec. 15, 2023 /PRNewswire/ -- Fewer than one in four Americans (24%) strongly agree they are currently building or have built a large enough retirement nest egg. However, this sentiment varies dramatically across demographic segments, according to A Compendium of Demographic Influences on Retirement Security ("Compendium"), a comprehensive survey report released today by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

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"Demographic influences can profoundly affect an individual's and family's ability to prepare for a financially secure retirement.
As a result, they often end up relying on Social Security to fund their retirement," said Collinson.
Among those not yet retired, individuals with an HHI of less than $50,000 have saved just $1,000 in total household retirement accounts.
"Strengthening the U.S. retirement system requires addressing Social Security's funding shortfalls and reinforcing social safety nets.

Transamerica Selected as Recordkeeper for Gallagher's New 401(k) Choice Pooled Solutions, Designed for Small and Large Companies

Retrieved on:

Thursday, December 14, 2023

Retirement, Transamerica, Organization, SECURE Act, Financial adviser, Management

Through a single contract, an employer can select either the Gallagher 401(k) Group Retirement Plans or the Gallagher 401(k) Choice Pooled Employer PlanSM.

Key Points:

Through a single contract, an employer can select either the Gallagher 401(k) Group Retirement Plans or the Gallagher 401(k) Choice Pooled Employer PlanSM.
This strategic move marks a significant milestone in the employee benefits industry, offering small and large employers the choice to join the group retirement plans or a pooled employer plan.
Gallagher's new 401(k) Choice Pooled Solutions provides:
3(38) investing fiduciary services through Gallagher Fiduciary Advisors, LLC
3(16) plan administration fiduciary services through TAG Resources, a Transamerica company
distribution through Gallagher's Retirement Plan Advisors.
Gallagher 401(k) Choice Pooled Solutions offers cost efficiencies and professional guidance for the plan sponsor.

KEYBANK INSTITUTIONAL ADVISORS LAUNCHES KEY 401(k) POOLED EMPLOYER PLAN

Retrieved on:

Tuesday, December 12, 2023

PEP, KeyBank, NYSE, Transamerica, Key, PPP, Organization, Financial adviser

CLEVELAND, Dec. 12, 2023 /PRNewswire/ -- KeyBank Institutional Advisors (IA), the institutional investment management division of KeyCorp (NYSE:KEY) today announced the launch of a new pooled employer plan for 401(k) plans that will be effective January 1, 2024.

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CLEVELAND, Dec. 12, 2023 /PRNewswire/ -- KeyBank Institutional Advisors (IA), the institutional investment management division of KeyCorp (NYSE:KEY) today announced the launch of a new pooled employer plan for 401(k) plans that will be effective January 1, 2024.
The Key 401(k) Pooled Employer Plan ('PEP') is designed for unrelated employers to participate in a single, customizable plan that offers defined contribution retirement benefits through a pooled arrangement.
As a single consolidated plan, the PEP provides for a substantial reduction in the administrative burden and fiduciary risks for employers, while providing potential economies of scale pricing and access to professional plan management.
Transamerica will serve as the recordkeeper, and Pentegra will be the pooled plan provider (PPP), providing administrative and compliance support.

Small Businesses, Big Opportunities: Transamerica's Prescience 2026 Report Reveals Optimism Amid Challenges

Retrieved on:

Tuesday, December 12, 2023

Marketing, Retirement, Transamerica, PEPS, Small business, Goofspiel, Optimism, Management, Health insurance

BALTIMORE , Dec. 12, 2023 /PRNewswire/ -- Transamerica's latest installment in the "Prescience 2026" report series reveals optimism among industry experts related to employees of small businesses.

Key Points:

BALTIMORE , Dec. 12, 2023 /PRNewswire/ -- Transamerica's latest installment in the "Prescience 2026" report series reveals optimism among industry experts related to employees of small businesses.
The Prescience 2026 Council comprises industry experts, thought leaders, and visionaries who work collaboratively to analyze market trends and provide actionable insights.
The experts on the Prescience 2026 Council see a sunny future for small businesses.
Yet, Prescience panelists do not expect to see the percentage of small businesses offering pooled arrangements to exceed 50% by the end of 2026.