MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 19, 2002 Minneapolis B/D to Grow SMA Platform U.S. Bancorp Piper Jaffray is looking to expand its separately managed account program to 50 managers from the 35 it currently offers. The Minneapolis-based broker-dealer recently inked deal with CheckFree Investment Services to handle the underpinnings of its separately managed accounts product as part of the expansion. Piper Jaffray started the search for a platform as part of an effort to grow its separately managed accounts business more efficiently, said Hilary Fiorella, a vice president at CheckFree. "One of the most significant challenges of running a successful SMA program is addressing the individual portfolio requirements for an enormous volume of accounts," explained Michael Duffy, managing director and director of operations at Piper Jaffray. "Scalability means having the ability to manage and support a growing number of portfolios, and that's what CheckFree APL will help us accomplish." Printed from: MFWire.com/story.asp?s=4018 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |