March 21, 2011

Adviser Investments, Kobren Insight Management Merge

Two RIA firms share ‘philosophy’ and cite ‘depth’ and ‘scale’ as catalysts in forming $2 billion AUM fiduciary powerhouse.

Adviser Investments, based in Newton, Mass., is merging with Kobren Insight Management, of Wellesley, Mass. Together, the combined registered independent advisor (RIA), with 45 professionals, will manage “more than $2 billion in assets on behalf of over 2,000 clients,” according to a release on Monday.

Adviser Investments Founder and Chairman, Dan Wiener, tracked Vanguard funds in a newsletter he founded  a decade before establishing Adviser Investment Management in 1994 with Dan Silver, the firm’s president, and CIO Jim Lowell, who pens a newsletter following Fidelity Investments. They will team up with Kobren’s CIO, Rusty Vanneman, and fixed-income strategist Chris Keith.

“I am excited about the opportunity to work side-by-side with Vanneman, Keith and their research team," said Lowell. "Together, I believe the combined experience and knowledge of our research analysts and investment managers will enhance our ability to help clients navigate market volatility and achieve their long-term investment goals."

They point out that “investors are increasingly demanding that their portfolio managers adhere to a ‘fiduciary standard,’ rather than the suitability standard followed by most brokers and brokerage house ‘advisors.’ Adviser Investments and its new affiliate manage client portfolios strictly to the higher standard,” according to the release.

"Both firms share a similar investment philosophy that focuses on identifying successful managers, investing for the long term, and tailoring portfolios to individual objectives and risk tolerances. We also believe it's important to invest our own money alongside our clients. We eat our own cooking,” Silver stated in the release.

"This combination allows us to increase the scale of our operations while adding more depth to our team of researchers and portfolio managers," added Silver. "It's a great opportunity for all involved, but most importantly for our clients."

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