Part of buy-side giant Amvescap’s strategy in merging the mutual fund operations of its AIM and Invesco subsidiaries is to boost its foray into the separately managed account (SMA) business for high-net worth individuals, said Mark McMeans, president and COO of AIM Private Asset Management.

Beginning this summer, AIM wholesalers will manage mutual funds and SMAs from both units, McMeans said at a media briefing, sponsored by the Money Management Institute, an SMA trade group.

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