Genworth Financial Strengthens Financial Planning Unit Through Acquisition

Genworth Financial, Inc. announced today the addition of more than 500 registered representatives to its Genworth Financial Investment Services unit through a transaction with C.J.M. Planning Corp., a New Jersey-based firm. Terms of the deal were not disclosed.

"We are committed to growing our financial planning and fee-based business in a very focused and strategic way," said Pam Schutz, president of Retirement Income and Investments for Genworth. "While we continue to grow our network of independent financial professionals consistently through referrals, the addition of this group increases our representative base by 25 percent, to a total of more than 2,400, and significantly expands our reach."

Genworth Financial Strengthens Financial Planning Unit Through Acquisition
Source: Yahoo! Finance