MILWAUKEE – OneAmerica and BMO Financial Group are
announcing the agreement reached for OneAmerica to
acquire BMO’s Milwaukee-based, U.S. retirement services
business, BMO Retirement Services, a division of BMO
Global Asset Management.
the agreement were not disclosed.
transaction is expected to close during the third
quarter of calendar year 2015.
time. the business will adopt the name OneAmerica
Retirement Services, LLC.
OneAmerican has announced that it will continue to work
with their current service teams. BMO Retirement
Services employees covered by the agreement will become
U.S. retirement services business has more than 200
professionals with approximately 830 plans.
retirement services business of OneAmerica serve more
than 11,000 plans and have more than $30 billion in
retirement assets under administration.