Manning & Napier Creates DCIO Distribution Team

Investment services provider Manning & Napier, Inc. has established a dedicated defined contribution investment only (DCIO) wholesaler team to help grow its presence in the expanding market segment.

The creation of the dedicated DCIO wholesaler team is a reflection of increased momentum in the DCIO market, the firm says, which has grown to an estimated $2.8 trillion in total assets and could reach $4 trillion by 2018 (see “How High Could DCIO Go”).

Patrick Cunningham, CEO of Manning & Napier Inc., says the move to establish a dedicated DCIO sales team underscores his firm’s commitment to helping retirement plan advisers better service and support their clients.

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