Asset International, Inc. has acquired certain business lines of Financial Research Corp. to form a new division of Strategic Insight. All the acquired business lines will retain the FRC brand, including the Monitor, Lifecycle, Market Sizing, Sub-Advisory, Alternatives and 529 college savings product lines.
The new division will be managed by Mike Rosenthal, and Kathleen Marshall will remain director of sales at FRC. In addition to serving as general manager of the new division, Rosenthal is also senior vice president of operations at Asset International, where he co-manages Strategic Insight and remains responsible for Asset International’s operations as a whole. FRC’s operations will be based out of Asset International’s Boston office.
Jim Casella, chairman and CEO of Asset International, said of the acquisition, “We perceive considerable value in the more-than-two-decades-old FRC brand, and expect FRC’s client base to respond positively to the investments we are prepared to make in each of the product lines. The new FRC division is a good fit with Strategic Insight’s business. FRC’s clients can expect the FRC products to deliver even greater value over time.”
Rosenthal emphasized that all pre-acquisition subscriptions of the acquired product lines will be honored, and there will be no significant interruption in service for FRC clients. Marshall added, “The FRC team is very excited about what this acquisition means in regard to the enhancement of FRC products and our ability to provide clients with timely information and data of the highest quality.”