Diversified Investment Advisors Acquires AdviceFrameworks, an Award Winning Online Advisory and Educational Provider.Business Editors PURCHASE, N.Y. & CHARLOTTE, N.C.--(BUSINESS WIRE)--March 22, 2002 Diversified Investment Advisors History Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , Inc., a national investment advisory firm specializing in retirement plans, announced today the acquisition of AdviceFrameworks, Inc., an online advice and education enabler for financial institutions. The acquisition will enable Diversified to rapidly deploy customized financial advisory and educational applications to current and new clients in ways that are meaningful and rewarding to its retirement plan sponsor clients and end-user plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . Specifically, with AdviceFrameworks, Diversified can quickly provide user-interfaces geared to particular plan demographics including investment experience, educational backgrounds, and overall financial and computer acumen. "Diversified is committed to providing comprehensive solutions to our customers to help them solve specific issues, or accomplish specific objectives. The acquisition of AdviceFrameworks will allow us to provide outstanding educational tools to our customers with the branding, look, and feel needed to most effectively provide real benefits to particular plans based on individual plan demographics," said Mark Fortier, Vice President, Internet Development. "Working with Diversified, we will create leading-edge online advice and education programs designed to enhance utilization, project affinity and a sense of appreciation from providers to participants, help with asset retention and overall participant satisfaction," explained David Evans David Evans may mean:
Through Diversified Direct(SM) Online, Diversified's secure participant account site, and Retiretek(SM), its proprietary 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. tool, participants will be able to access advice uniquely structured for their plan by simply clicking an icon. The interface will provide secure roundtrip trading and execution for participants without the participant loading any data. AdviceFrameworks was the first online advisory solution to provide instant online collaboration with an advisor. The ability to extend the assistance of an advisor to help participants while online will continue to be a key differentiator for Diversified in offering retirement based advice and education. About AdviceFrameworks AdviceFrameworks is a Vertical Service Provider, offering online solutions that project its institutional clients' brands and investment choices using rapidly adaptable frameworks for advice, education, and live collaboration. The application has won numerous awards and accolades, including being named as one of the Best of the Web by Money Magazine, one of the top 100 sites by Yahoo Internet Life Magazine, and being one of only eight companies featured for its innovative use of Java technology by java.sun.com. For more information, go to www.adviceframeworks.com, or contact David Evans at 704-414-3621, devans@afx.info. About Diversified Investment Advisors Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan , including: 401(k); 403(b); 457; executive deferred compensation; profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ; money purchase; cash balance; Taft-Hartley; rollover IRA Rollover IRA A traditional individual retirement account holding money from a qualified plan or 403(b) plan. These assets, as long as they are not mixed with other contributions, can later be rolled over to another qualified plan or 403(b) plan. Also known as a conduit IRA. and Roth IRA Roth IRA An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible, and qualified distributions are tax-free. A qualified distribution is one that is taken at least five years after the taxpayer established his/her first . Diversified services over $50 billion in retirement plan assets, helping more than one million participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Georgia, Illinois, Iowa, Louisiana Iowa is a town in Calcasieu Parish, Louisiana, United States. The population was 2,663 at the 2000 census. History The history of this region is filled with stories of the early Midwestern Settlers from Kansas, Illinois and Iowa to the French Canadians (Cajuns) to Jean , Maryland, Massachusetts, Michigan, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oregon, Pennsylvania, Texas and Wisconsin. Learn more at www.divinvest.com or contact Wendy Daniels at 914-697-8967, danielw@divinvest.com. |
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