Earlier this month, when the Money Management Institute added Tokyo-based Nikko Cordial Advisors as its first international member, the organization said it hoped the foreign companies would keep joining. Less than a month later, Toronto’s First Asset Advisory Services assured that the MMI’s hopes were realized.

A subsidiary of First Asset Management Inc., a seven-year-old company with $23 billion under management, First Asset Advisory was founded in 2003 and already possesses almost $400 million in separately managed account (SMA) assets under management and expects to be at $1 billion by next year.

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