Affiliate of AEGON Financial Services Group, Inc. to Acquire Brokerage Industry Distributor.CEDAR RAPIDS Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa--(BUSINESS WIRE)--May 13, 1999-- An affiliate of AEGON Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group, Inc., has entered into a letter of intent providing for its purchase of the Endeavor Companies, a California-based independent third party marketing and mutual fund management organization. The acquisition, pending execution of definitive agreements, and policyholder and regulatory approval, is expected to close early in the third quarter of 1999. "The financial services industry is consolidating at an amazing pace," says, Larry Norman, President, AEGON Financial Services Group, Inc. "The combined product, service and distribution capabilities brought about by this acquisition have quite powerful and very exciting implications for our friends in the brokerage industry and individual investors." During its 25 years in the business Endeavor has formed strong relationships with the nation's major national and regional brokerage and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against firms. In 1991, Endeavor developed and introduced one of the industry's first multi-manager variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. issued by PFL 1. (language) PFL - A concurrent extension of ML by Holmstrom and Matthews, using CCS. ["PFL: A Functional Language for Parallel Programming", S. Holmstrom in Proc Declarative Language Workshop, London 1983]. 2. Life Insurance Company, a member of AEGON Insurance Group. Vince McGuinness, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , of the Endeavor Companies, says, "Innovation both in product design and delivery and emphasis on broker support systems has driven our success. Combining the AEGON support structure and availability of capital with the Endeavor brand and its strong relationships will have significant impact. We will increase presence in the field, expand the product line, and most important, we believe, share some very progressive management tools with our partner firms." AEGON Financial Services Group, Inc. directs the marketing efforts for AEGON Insurance Group's life and retirement savings products. The life insurance companies of the AEGON Insurance Group are some of the leading domestic providers of annuities to the brokerage and financial institution industries. |
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