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DIVERSIFIED INVESTMENT ADVISORS, INC., ESTABLISHED TO SERVE THE INSTITUTIONAL RETIREMENT PLAN MARKET

 PURCHASE, N.Y., Nov. 15 /PRNewswire/ -- Diversified Investment Advisors, Inc. announced today that it is being established as a new pension investment management organization of AEGON USA, Inc. Pending final regulatory approval, Diversified expects to be a new subsidiary of AEGON USA, Inc., effective by year-end 1993.
 With more than 40 years' experience in retirement plan management as the pension operation of The Mutual Life Insurance Company of New York, the employees of Diversified Investment Advisors specialize in meeting the investment and administrative needs of retirement plan sponsors and participants from pre- through post-retirement.
 Tom Schlossberg, president of the new organization, said, "Diversified Investment Advisors has a singular business focus -- retirement plans. As a national registered investment advisory firm, we will provide a full array of investment choices managed by proven investment management firms. We are distinguished in this market for developing sound, high-quality retirement programs that reflect the unique characteristics and objectives of each plan sponsor." Diversified Investment Advisors services more than $8 billion in pension plan assets and operates 10 regional offices across the country.
 With over 5,500 employees, more than $20 billion in assets and an AA+ rating (Excellent) from Standard & Poor's, AEGON USA, Inc. specializes in life and health insurance and annuity and investment products. It is the U.S. arm of AEGON nv, ranked in the top 30 diversified financial services organizations according to Fortune's most recent listing. Based in The Hague, the Netherlands, AEGON's shares trade on the Amsterdam, Tokyo, London, Zurich, Basel and Geneva stock exchanges, as well as the New York Stock Exchange (Symbol: AEG).
 Focus on Retirement Plan Solutions
 Experts in customizing retirement solutions, Diversified Investment Advisors offers comprehensive programs of high-quality investments coupled with administrative services, technical guidance and employee communications services to Defined Contribution, Defined Benefit and Not-For-Profit retirement plan sponsors. Clients have access to some of the best investment management resources available, provided through mutual funds, separate accounts or collective trusts.
 Investment Manager Monitoring
 Diversified Investment Advisors brings comprehensive selection, monitoring and control to the investment management process. "We seek superior independent portfolio managers for our investment funds and move purposefully in replacing managers when warranted," said Schlossberg. Replacing a manager, and not the fund, is a key advantage -- assuring a timely response to investment concerns while avoiding the expense and difficulty of re-enrolling participants or disrupting established plan administration.
 Employee and Retirement Education a Top Priority
 In addition, Diversified is a leader in participant education, building a strong communication component into every plan. Its customized investment/retirement education programs for employees have resulted in plan participation rates exceeding 85 percent.
 Participant communications are developed as part of a long-term communications strategy. Customized materials (English/Spanish), slide presentations, videos and multiple-site enrollment meetings generate exceptional rates of participation. "In today's diverse workplace, comprehensive, ongoing communication must promote plan participation and enable employees to make well-informed investment decisions," Schlossberg continued.
 Most importantly, Diversified Investment Advisors establishes itself as a partner in developing unique, client-driven retirement solutions. "In a changing, fast-paced environment, we believe that a partnership is the ideal formula for success. That's why Diversified works in partnership with retirement plan sponsors, rather than as a vendor or supplier," Schlossberg concluded.
 Headquartered in Purchase, Diversified Investment Advisors has regional offices in California, Illinois, Louisiana, Massachusetts, New York, North Carolina, Ohio, Oregon, Pennsylvania and Texas.
 -0- 11/15/93
 /CONTACT: Jerry Miller (media) or Marianne Stewart (general information) of The Financial Relations Board, 212-661-8030/
 (AEG)


CO: Diversified Investment Advisors, Inc.; AEGON USA, Inc. ST: New York IN: FIN SU: PDT

LG-TW -- NY050 -- 4358 11/15/93 11:25 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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