Milliman to Acquire Connecticut Investment Consultant

November 10, 2003 ( - Seattle-based consultant Milliman USA has agreed to acquire Evaluation Associates, the institutional investment consulting division of EAI Partners, LP.

According to a Milliman news release, Evaluation Associates LLC, will enhance Miliman’s ability to advise clients on:

  • investment policy development
  • asset/liability and asset/spending analysis
  • investment program structure development
  • manager search and evaluation
  • ongoing performance measurement and attribution analysis
  • client-oriented educational programs.

Evaluation Associates and its 80-person staff will remain in Norwalk, Connecticut and will operate as an independent unit within Milliman. Both Milliman and EAI Partners are privately held, and the terms of the agreement – expected to become effective January 1, 2004 – will not be disclosed.

Evaluation Associates Capital Markets, EAI Partners’ multi-manager asset management division, will not be part of the transaction, according to the announcement.