February 26, 2008
Mutual of Omaha to Acquire Retirement Marketing Services
Mutual of Omaha, a provider of insurance and financial services, has entered into a definitive agreement to acquire the assets and personnel of Retirement Marketing Services, a wholesaler specializing in marketing retirement products.
The transaction is expected to be complete soon. The terms of the transaction were not disclosed. Upon completion of the transaction, Retirement Marketing Services (RMS) will begin doing business as Retirement Marketing Solutions, a wholly owned Mutual of Omaha subsidiary.
Chuck Lombardo, president and founder of RMS, will continue to lead the organization and no personnel changes are anticipated. The company will remain in Dublin, Ohio
Mr Wright said: "Taking our successful relationship with RMS to the next level has advantages for both organizations. Mutual of Omaha will have access to a superior sales force with a proven track record in the retirement plans marketplace, while RMS becomes part of a larger organization with the resources necessary to grow its business model."