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AIG VALIC Expands Independent Advice Platform to Serve Participants in Retirement.

Guided Portfolio Services (GPS) Exceeds $5 Billion in Assets Under Management Milestone as New Capabilities for Clients Entering Income Distribution Phase of Retirement Are Launched

HOUSTON -- AIG VALIC, a national leading provider of retirement plan services to for-profit and not-for-profit education, healthcare and government organizations, today announced that Guided Portfolio Services(SM) (GPS), its independent advice and managed-account platform offered through VALIC Financial Advisors, Inc., has been expanded to offer comprehensive capabilities to clients entering the income distribution phase of retirement.

Launched in January 2003, GPS delivers comprehensive investment advice and discretionary managed accounts services to individual participants in employer-sponsored defined contribution retirement plans - principally in the accumulation and transition phases of retirement planning. Entering 2007, GPS has been expanded to service clients entering the distribution phase of retirement by providing personal wealth forecasts, comprehensive portfolio construction and ongoing portfolio optimization.

"With assets under management topping $5 billion, we believe that GPS is the largest independent advice and managed account platform in the qualified group retirement planning market today and we are pleased to extend it's capabilities to clients seeking guidance in managing their income in retirement," said Bruce R. Abrams, President and CEO of VALIC and the VALIC Retirement Services Company. "Helping clients manage their income in retirement represents arguably the greatest arena of opportunity for the retirement savings industry and for market leaders like AIG VALIC. We are well positioned to further help the Baby Boomer generation manage their accumulated wealth in retirement with the introduction of these expanded capabilities."

"The success of GPS reflects the strong client demand and acceptance for advice and discretionary managed account programs that can be personalized to meet the needs of individual participants," added Abrams.

GPS was the first independent advice and managed-account platform of its kind offered to qualified group retirement plan participants. Based on a participant's profile, including retirement goals and information about existing assets, GPS advises the participant on a savings rate, retirement age and portfolio allocation focused on meeting an individual's retirement planning goals. Clients enrolled in GPS during the accumulation stage of their retirement planning will be eligible to continue in the GPS program during retirement. Those individuals not currently enrolled in GPS will be eligible for this service as long as GPS is authorized for their retirement plan.

AIG VALIC is one of the leading retirement plan services providers in the United States. For more than half a century, it has specialized in providing retirement programs and related investment, recordkeeping and administrative services to a variety of employer types, including for-profit and not-for-profit elementary and secondary education institutions, hospitals and healthcare organizations, higher education institutions and governmental entities. VALIC serves 28,000 client groups and more than two million participants. AIG VALIC is the marketing name for the group of companies comprising VALIC Financial Advisors, Inc.; VALIC Retirement Services Company; and The Variable Annuity Life Insurance Company (VALIC); each of which is a subsidiary of American International Group, Inc.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member NASD and an SEC-registered investment advisor.
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Publication:Business Wire
Date:Feb 12, 2007
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