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In 1990, MassMutual acquired Oppenheimer Management Corporation from British and Commonwealth Holdings PLC for $150 million as part of its strategy to diversify into mutual funds management. In 1993, Concert Capital Management was created as a subsidiary of MassMutual to oversee retirement funds and endowment assets.
In September 2020, the company also acquired the retirement plan business of MassMutual for $4.4 billion. Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets.
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. [2] Nationwide currently has approximately 25,000 employees, [3 ...
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MassMutual: Winner of a 2024 Bankrate Award for Best Whole Life Insurance, MassMutual scores above average on the J.D. Power customer satisfaction ranking. It has also earned the highest score ...
The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado ...
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Founded in 1861, MassMutual is a trusted and well-known name in the industry, and ranks as one of the largest financial services firms in the United States. Through its wholly-owned subsidiary ...