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GE Uses Diversified To Reach Hospital Pension Market

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NU Online News Service, Nov. 11, 11:14 a.m. – GE Asset Management, Norwalk, Conn., will be working with Diversified Investment Advisors Inc., Purchase, N.Y., to sell retirement services to U.S. hospitals and other U.S. health care organizations.

GE Asset Management, a unit of General Electric Company, Fairfield, Conn., says the effort will combine its pension investment management experience with Diversified’s experience at running nonprofit 403(b) retirement savings plans.

The American Hospital Association, Washington, recently boosted Diversified’s health care retirement services business by endorsing it as its health care retirement services provider.

Diversified is a unit of AEGON N.V., The Hague, Netherlands.