mPower, S&P Join Forces

May 21, 2001 ( - mPower and Standard & Poor's have formed a strategic alliance that will bring S&P's Retirement Services business, including advice technology, products and customers into the mPower fold, in exchange for an equity stake.

According to the companies, Standard & Poor’s has agreed to exchange its Retirement Services business for an equity stake in mPower and make an additional equity investment in the Company. In exchange, mPower will obtain the technology and patents of Standard & Poor’s Retirement Services Division (formerly Rational Investors), as well as access to Standard & Poor’s customers and branded content, data and mutual fund profiles.

S&P content will be integrated, with mPower’s own proprietary content, into its core advice and guidance products. The two firms will then work together to create a suite of retirement education, guidance and advice products using Standard & Poor’s content.

Through its alliances with more than 25 blue-chip financial institutions, mPower currently reaches 17 million participants, according to the company. Standard & Poor’s has established alliances with nine retirement plan providers serving 6 million participants.