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The Northwestern Mutual Life Insurance Company is acquiring LearnVest, an online financial planning company.

“There’s been a gap between what consumers want and what the financial industry has been able to offer,” said Northwestern Mutual Chairman and Chief Executive Officer John E. Schlifske. “Northwestern Mutual will fill that gap by redefining how financial security is delivered. Our goal is to take more clients from start to finish, addressing all parts of the planning equation, and to be a partner at the center of their financial lives through all stages.”

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