All of the acquired assets will retain the FRC brand, including the Monitor, Lifecycle, Market Sizing, Sub-Advisory, Alternatives and 529 college savings product lines. Mike Rosenthal, senior vice president of Operations for Asset International, will be the General Manager of the new FRC division, continuing to co-manage Strategic Insight and remaining responsible for Asset International’s operations as a whole.
“We perceive considerable value in the more than two decade-old FRC brand, and expect FRC’s client base to respond positively to the investments we are prepared to make in each of the product lines,” said Jim Casella, Asset International’s Chairman and Chief Executive Officer.
“This is a major opportunity to strengthen, enhance and extend FRC’s products via Asset International and Strategic Insight’s extensive resources and expertise,” added Rosenthal. He emphasized that all pre-acquisition subscriptions of the acquired product lines will be honored, and there will be no significant interruption in service for FRC clients.
Kathleen Marshall will remain Director of Sales at FRC.
Strategic Insight, a research firm for the mutual fund and wealth management industry, was acquired by Asset International in 2009 (see “Asset International Agrees to Acquire Strategic Insight”).
Asset International is a privately-held provider of information and technology to global pension funds, asset managers, financial advisers, banking service providers, and other financial institutions in the private and public sector. Its brands include Strategic Insight, SIMFUND, Plan For Life, PLANSPONSOR, PLANSPONSOR Europe, PLANADVISER, aiCIO, Global Custodian, and The Trade. The company has offices in New York, Hong Kong, London, Melbourne and Stamford, CT. For additional information, visit www.AssetInternational.com.