Deutsche Bank, headquartered in Frankfurt, Tuesday announced a partnership with seven other investment companies. The companies are: ACM, Fidelity, Franklin Templeton, Merrill Lynch, Morgan Stanley, Schroders and UBS. Deutsche Bank has been selling Invesco funds since last year.

Rainer Neske, global head of Deutsche Bank’s private and business clients unit, stated, "This new offering constitutes another expansion of our core advisory competence, underscoring our commitment to further improve the financial concepts offered to our private business clients."

The company also said in a statement this expanded fund lineup "will significantly increase its ability to offer holistic and independent funds advisory."

According to the bank, further selected partnerships are slated.

__

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.