Strategic Insight parent Asset International has completed its anticipated acquisition of certain FRC products and says it will make “significant investments to strengthen, enhance and expand acquired FRC products.”
The acquired products -- Monitor Lifecycle, Market Sizing, Sub-Advisory Alternatives and 529 college savings product lines -- will become a separate division of Strategic Insight and operate out of Asset International’s Boston office.
Asset International Senior Vice President of Operations Mike Rosenthal will become general manager of the new FRC division.
“We perceive considerable value in the more than two decades 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, chairman and CEO of Asset International. “The new FRC division is a good fit with Strategic Insight’s business. FRC’s clients can expect the FRC products to deliver even greater value over time.”
-- This article first appeared on Money Management Executive.