Financial Services Industry
Industry: Email Alert RSS FeedClark-Stratford deal a boon to both; One gets more resources; the other hikes its institutional presence.(Clark Consulting)(Stratford Advisory Group Inc.)
Pensions & Investments, October, 2005 by Williamson, Christine
Byline: Christine Williamson CHICAGO - Clark Consulting Inc.'s purchase of Stratford Advisory Group Inc. is squarely targeted at expanding the firm's institutional investment consulting practice. The two consulting firms advise institutional clients with total assets of $24 billion. The Stratford acquisition is ideal, said Ted L.
Disabato, chief investment officer of Clark's Chicago-based investment consulting group, because "we are looking to expand our footprint in traditional institutional investment consulting, independent investment consulting.'' It was a deal "there didn't seem to be any reason to say no to,'' said Susan N. McDermott, director of research at Stratford Advisory, Chicago. Neither of the two firms used an investment bank to set up...
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