CSFBdirect to Provide Self-Directed Brokerage Services to Transamerica Retirement Services Employee Benefit Plans.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--March 22, 2001 Small to Mid-Size Plan Sponsors Offer Employees Self-Directed Brokerage Option with Expanded Investment Choices CSFBdirect (NYSE NYSE See: New York Stock Exchange : DIR), the online brokerage service of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , today announced an agreement to provide brokerage services to participants in employee benefit plans administered by top-ten pension provider(a) Transamerica Retirement Services. Under the terms of the agreement, CSFBdirect will provide self-directed brokerage services to Transamerica Retirement Services' participant-directed retirement plans. Transamerica Retirement Services' employee benefit plan clients who choose the self-directed brokerage option will have access to a range of investment products and services offered by CSFBdirect. This package includes trading in stocks, mutual funds, IPOs (for qualified investors), online and wireless account access, and real-time quotes and news. "The advantages of self-directed brokerage service - usually an option only for large businesses - will now be available for small and mid-size plan-sponsor companies through our new Transamerica Plan Plus(sm) program," said Diana Geraci, Vice President of Transamerica Retirement Services. "We are excited to provide plan sponsors the opportunity to offer their employees expanded investment choices in a range of stocks, bonds, and mutual funds; valuable investment flexibility; and greater control over their retirement investing through this new option." "We are pleased to work with Transamerica Retirement Services to offer the self-directed brokerage option to their clients," said Blake Darcy, Chief Executive Officer of CSFBdirect. "The combined resources of Transamerica Retirement Services and CSFBdirect will provide retirement plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. access to an extensive package of products and services in planning for their retirement." About Transamerica Retirement Services Transamerica Retirement Services, provides comprehensive 401(k) and profit-sharing plans designed to help small-and-medium-sized businesses establish effective retirement benefits programs. Transamerica Retirement Services has more than 7,850 plans with approximately 400,000 participants as of December 31, 2000. Headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Transamerica Retirement Services offers state-of-the-industry services and service guarantees and has an award-winning interactive Web site, including investment education, retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. tools and account services. Transamerica Retirement Services' retirement planning products and services are offered through Transamerica Life Insurance and Annuity Company, Transamerica Occidental Life Insurance Company, and AUSA AUSA Association of the United States Army AUSA Assistant United States Attorney AUSA Auckland University Students Association AUSA Aberdeen University Students' Association (UK) AUSA Allied United States of America Life Insurance Company, Inc., members of the AEGON Insurance Group, one of the world's largest life insurance, pension, and 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. organizations. Information on Transamerica Retirement Services and Transamerica Plan Plus(sm) is available toll-free at (888) 401-5826 or visitors may access information in the plan sponsor section of their Web site at www.TA-Retirement.com. About CSFBdirect CSFBdirect is one of the world's premier online brokerage firms offering a diversified range of investment products and services to sophisticated, self-directed investors. As of December 31, 2000, CSFBdirect had over one million worldwide customer accounts representing nearly $23 billion in assets. CSFBdirect has received numerous honors over the past year, including a number one "4-Stars" rating in March 2001 by Barron's; "Best of the Web" in March 2001 by Forbes.com; "Best Online Brokerage Service" in March 2001 by the Software Information Industry Association (SIIA (Software & Information Industry Association, Washington, DC, www.siia.net) A trade organization devoted to the health and welfare of the software and digital content industry by providing support in government relations, business development, education and intellectual property ); number one for "Transaction Performance and Transaction Success Rate" in February 2001 by Keynote Systems, Inc.; "Best for Site Reliability" in August 2000 by TheStreet.com's Online Broker Survey; "Top Online Broker" by the 2000 Readers' Choice Awards, Worth magazine; and "Best Bet, Feature Rich" in May 2000 by PC World magazine. Headquartered in Jersey City, NJ with offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Charlotte, NC, Delray Beach, FL, Sandy City, UT, London, Tokyo, Hong Kong, and Dubai, CSFBdirect employs more than 1,650 people. CSFBdirect trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "DIR" as a tracking stock of Credit Suisse First Boston (USA), Inc. For more information on CSFBdirect, visit the company's Web site at www.CSFBdirect.com. About Credit Suisse First Boston Credit Suisse First Boston (CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank ) is a leading global investment banking firm serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment and merchant banking, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , investment research, venture capital, correspondent brokerage services and online brokerage services. It operates in over 76 locations across more than 37 countries and 6 continents, and has some 28,000 staff worldwide. The Firm is a business unit of the Zurich based Credit Suisse Group, a leading global financial services company. (a) Transamerica Retirement Services' ranking as a top-ten provider is based on information in a May 2000 CFO See Chief Financial Officer. MAGAZINE report, "CFO Buyer's Guide: 401(k) Providers" about retirement services providers, based on the number of plans in force. |
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