MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 1, 2008 Frost Finds Funds Frost Investment Advisors is making ten of its co-mingled fund strategies available in mutual fund form. The San Antonio-based company made institutional shares of said funds available April 28, and today it made them available to retail investors. Tom Stringfellow, president of Frost, told the MFWire that the move was a natural extension of Frost's investment expertise. "We spent several years looking at how to get our management expertise out to a larger client base," he said. The fund's track records and the tenure of the management team also played into the decision. Brad Thompson, managing director of Frost, told the MFWire "the funds had great returns and a management team that had been in place for over five years." So far the funds are available to investors through Fidelity's National Financial platform and through the Frost brokerage. Yet Stringfellow said that the funds will soon be available on E*trade, Scottrade and Schwab's platforms. Marketing plans for the new funds include a two-pronged approach, Stringfellow said. Being that Frost is a regional bank, the funds will be marketed regionally and will also have wholesalers working to get them on national platforms. Frost currently employs two internal wholesalers and has also outsourced some wholesaling work to SEI. Frost may eventually launch more mutual funds to supplement the original line-up, though no concrete plans have yet been laid, Stringfellow said. Printed from: MFWire.com/story.asp?s=18702 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |