StanCorp Financial Group, Inc. (ticker: SFG, exchange: New York Stock Exchange (.N))
News Release -
The Standard to Acquire DPA and MasterPlan Advisors
PORTLAND, Ore., July 2, 2007 /PRNewswire via COMTEX News Network/ -- Standard Retirement Services, Inc.
("The Standard") a subsidiary of StanCorp Financial Group, Inc. ("StanCorp")
(NYSE: SFG) has agreed to acquire the assets of Portland, Oregon based
third-party retirement plan administrators DPA, Inc. ("DPA"), and its
associated investment advisor business, MasterPlan Advisors, Inc. ("Master
"We are excited about this addition to our asset management business and
look forward to continuing the excellent customer service for which both of
our organizations are known," said Kim W. Ledbetter, senior vice president,
Asset Management Group of The Standard. "We will continue to serve DPA's and
MasterPlan Advisors' clients out of DPA's existing office in Portland, Oregon,
to ensure that the transition will be seamless."
The assets being acquired include approximately 230 retirement plans with
assets under management of more than $1.8 billion, as well as an investment
advisor business serving clients in the greater Pacific Northwest. The
acquired business will be a part of the Asset Management Group of StanCorp.
About The Standard
StanCorp Financial Group, Inc. ("StanCorp") (NYSE: SFG) through its
subsidiaries marketed as The Standard -- Standard Insurance Company, The
Standard Life Insurance Company of New York, StanCorp Investment Advisers,
Standard Retirement Services, StanCorp Equities, StanCorp Trust Company and
StanCorp Mortgage Investors -- is a leading provider of financial products and
services. The Standard serves approximately 8.2 million customers nationwide
as of March 31, 2007 with group and individual disability insurance, group
life and dental insurance, retirement products and services and investment
advice. For more information about The Standard visit http://www.standard.com.
Information in this news release includes certain statements related to
projected growth and future events. These statements are "forward-looking"
statements as that term is defined in the Private Securities Litigation Reform
Act of 1995. Because such statements are subject to risks and uncertainties,
actual results in future periods may differ materially from those expressed or
implied by such forward-looking statements. See StanCorp's first quarter Form
10-Q filed with the Securities and Exchange Commission for a description of
the types of uncertainties and risks that may affect actual results.
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