Prudential Financial Inc. has scooped up a West Coast executive benefits firm.
Prudential, Newark, N.J., has acquired MullinTBG Insurance Agency Services L.L.C., Los Angeles, and several MullinTBG affiliates, such as MullinTBG Advisors.
MullinTBG, which sells executive deferred compensation plans and related plans and services to large corporations, now is part of Prudential’s Prudential Retirement arm.
MullinTBG has been managing about $21 billion in assets for 60,000 executive participants in 650 plans, Prudential estimates.
NOT FOR REPRINT