“We are pleased to be expanding the distribution of our research from mainly assets managers to the wealth management space,” said Bruce Fador, chief executive officer of FRC. “We intend to bring FRC’s world-class research product more directly to individual financial advisers. By making our material available on Standard & Poor’s MarketScope Advisor, we are taking a major step forward in achieving that goal.”
FRC will work with S&P’s editorial staff to provide what S&P characterizes as “current, actionable information to help advisers provide the best and broadest service to their clients.”
William Okun, S&P’s executive managing director for investment research, said his company’s aim is to provide “the best functionality, powering the richest and most insightful information and analysis.”
Financial Research Corp. founder and former CEO Neil Bathon, now running
FRC has changed many hands and formed a series of partnerships over the past 14 years. In 1996, Bathon sold FRC to Boston Institutional Group, parent company of Funds Distributor Inc. BISYS then acquired FRC in 2003. Four years later, in June 2007,
Fador has only been CEO of FRC since July 2009. Previously, Mike Evans, ran the company as president for two years. Earlier this year, Mercatus placed two of its partners, Bob Hedges and Teresa Epperson, at the helm of FRC as interim co-chief executives.
Fador formerly was COO at Decision Resources Financial, a division of
Commenting on the new S&P-FRC partnership,