NU Online News Service, Sept. 20, 2004, 4:34 p.m. EDT
American Express Financial Group, Minneapolis, has picked a unit of Morningstar Inc., Chicago, to help holders of its new variable annuities allocate their assets.[@@]
Morningstar Associates L.L.C., the Morningstar unit, will offer its Portfolio Navigator program to American Express customers who buy the Innovations Select, FlexChoice Select, Signature Select and Signature One Select annuities.
American Express issues the annuities through its American Enterprise Life Insurance Company affiliate.