Financial Services Industry
Industry: Email Alert RSS FeedSun shines on RIAs, and product makers bask in the glow; Database firms offer to eager clients dish on adviser firms.(News)
Investment News, April, 2007
Byline: Brooke Southall SAN FRANCISCO - The days when registered investment advisers could remain as cloistered and mysterious to outsiders as a John Grisham-style law firm may be drawing to a close. A handful of aggressive database companies are supplying an array of detailed data on RIAs, and financial product manufacturers and technology companies are lapping the information up.
Not only do these database firms divulge basic information such as assets under management, at least one of them lets clients know in some detail what products these companies are buying. "We can see how much is in a particular [exchange traded fund] for a particular adviser,'' said Nick Stuller, president of The Financial Information Group Inc. of Shrewsbury,...
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