The assets being acquired include approximately 230 retirement plans with assets under management of more than $1.8 billion, as well as an investment advisor business serving clients in the greater Pacific Northwest.
The acquired business will be a part of the Asset Management Group of StanCorp.
“We are excited about this addition to our asset management business and look forward to continuing the excellent customer service for which both of our organizations are known,” said Kim W. Ledbetter, senior vice president, Asset Management Group of The Standard in a press release. “We will continue to serve DPA’s and MasterPlan Advisors’ clients out of DPA’s existing office in Portland, Oregon, to ensure that the transition will be seamless.”
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