AIG VALIC Acquires Financial Planning Tools Firm

July 5, 2006 ( - AIG VALIC announced it has acquired from KPMG LLC Acumen Financial Group, a provider of financial and retirement planning technology tools to financial services companies.

According to the announcement, Acumen creates technology solutions that allow large organizations to communicate customized information to employees and other constituents in print, electronic or Web-based formats. Acumen also develops customized retirement planning education, retirement plan statements and programs to help employees execute retirement plan investment decisions.

Acumen has served as the financial planning software provider to VALIC’s national sales organization through AIG VALIC’s registered investment advisor VALIC Financial Advisors, Inc. since 2000, the announcement said.

Acumen will be renamed AIG Acumen. Additional terms and conditions of the transaction were not disclosed.