American Skandia Life Assurance of Shelton, Conn., announced that its family of American Skandia Advisor Funds attained $3 billion in assets on Sept. 27.
The funds reached the $3 billion figure faster than any other mutual fund complex in history, according to data provided by Financial Research Corporation of Boston, said David Norman, a spokesperson for American Skandia. The funds also reached the $1 billion and $2 billion marks faster than any other fund complex, he said.
Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.
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