Legg Mason and Delaware Investments Create Multifund Retirement Program

Legg Mason and Delaware Investments Create Multifund Retirement Program:Companies Can Choose From 51 Funds

Legg Mason Wood Walker, the broker-dealer subsidiary of Legg Mason, and Delaware Investments, part of the Lincoln Financial group, will offer a full-service multifund retirement program. Companies with more than 100 employees and $1 million in assets will be the target audience for the program, to be called Legg Mason/Delaware SelectSolutions Advantage.

Companies will be able to select up to 15 funds from 51 funds offered, 13 from Legg Mason, 23 from Delaware and 15 from outside managers. The outside managers include AIM, Janus and PIMCO. All major asset categories are included in the fund lineup.

Delaware Investments will provide recordkeeping services through Retirement Financial Services Inc. Companies will have access to around-the-clock Internet access, employee education materials and automated telephone access or a participant service center, the company said in a statement.

Legg Mason has more than 140 branch offices in 24 states and the District of Columbia, mostly in the eastern and southern U.S. Delaware Investment had more than $80 billion in assets under management as of Sept. 30.

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