Robert Tousignant, a former
Touisgant will serve as Federateds national sales manager for managed accounts, the firm said today. At Phoenix, Touisgant attracted billions of dollars in assets to that companys managed account programs, Federated said. He has also worked at
"Federated believes that our managed account business will be a key growth ingredient for the firm," said James F. Getz, president of Federated Securities Corp. Getz said Touisgants experience "will enable us to leverage our existing relationships with thousands of financial intermediaries and gain significant new business."
The firm has offered managed accounts to the super-rich for 32 years, requiring minimum investments of $10 million. Last year Federated began offering managed accounts through investment advisors with minimum investments of $100,000.
The company offers the products through at least a half-dozen distributors such as
