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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. [54] In 1993, Concert Capital Management was created as a subsidiary of MassMutual to oversee retirement funds and endowment assets. [55]
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
In the United States, the average retirement age is 62 years old, according to a 2024 MassMutual study. But not everyone can retire at that age, even if they want to. Not only is everyone's path to...
MFS Investment Management (MFS) is an American-based global investment manager, formerly known as Massachusetts Financial Services. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. [1] The first mutual fund, the Massachusetts Investors Trust fund, is still ...
State Street Bank and Trust Company, more commonly known as State Street Global Services or simply State Street, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit ...
According to a recent survey by MassMutual, the average retirement age in the U.S. is 62. However, around 35% of pre-retirees admit they’re too far behind in their savings to make that goal a ...
A recent survey from MassMutual found that 2 in 5 adults aged 55 to 65 expect benefits to be their largest source of income throughout retirement. ... Center of their my Social Security account. 3 ...
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