The combined organization has approximately $35 billion in assets under management resulting in approximately $52 billion of assets under administration.
Kris Robbins, chairman of the board and CEO of Security Benefit, said: In addition to diversifying our business – a critical element of success in today’s often volatile financial marketplace – it enables Security Benefit to continue its history of providing broader solutions through sophisticated asset and risk management skills; comprehensive products, options and choices; and a growing array of traditional and non-traditional capabilities.
Carl Verboncoeur, CEO of Rydex Investments, added: The organizational fit is highly complementary and will enable us to provide our customers and associates alike with the benefits that a dynamic, growing, and visionary enterprise can provide.
