Deals & People January 7, 2009

Woomer Named to OneAmerica Consulting Services Post

The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, named Michael Woomer as the division’s field vice president, consulting services.
Reported by

According to a press release, Woomer’s primary role will be to work with regional and national consulting firms focused in the institutional marketplace. He will be charged with developing relationships, creating RFP activity for producers, helping to manage the RFP process, and positioning for finalists’ meetings to win business.

Woomer will be working out of the Boston Regional Sales Office and will support other sales offices throughout the country. He’ll report directly to AUL Retirement Services Vice President of National Distribution & Marketing Mark Glavin.

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The release said Woomer’s specialties include relationship management, strategic planning, investment management, and retirement employee benefits. Before joining AUL Retirement Services, he served as a senior sales consultant for Bostonian Group, a retirement sales manager for Charles Schwab Corporate Services and vice president—sales for CIGNA Retirement & Investment Services.

Products January 7, 2009

Millennium Trust Offers 403(b) Custody Solution

Millennium Trust Company, LLC, announced its appointment as successor custodian for Neuberger Berman 403(b) custodial accounts.
Reported by

A Millennium press release said that in July the firm introduced its 403(b) Custody Solution which utilizes proprietary technology to provide integration of custody services and 403(b) accounts. Millennium assumes responsibility for administrative, non-fiduciary compliance requirements under employer plan documents, while preserving existing mutual fund relationships with brokers, advisers, and fund companies.

Millennium can serve as the custodian for the entire plan or for individual 403(b) accounts, while allowing employees to continue working with their financial advisers and brokers, the press release said.

More information is available at www.mtrustcompany.com or 800.258.7878.

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