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 |
|
Thursday, September 3, 2009 A Piece of Rydex Officially Leaves the Security Benefit Fold A non-asset-management piece of Rydex just left the Security Benefit umbrella. On Wednesday Ceros Financial Services, Inc. revealed that it has completed its acquisition of RFS (i.e. Rydex Financial Services). RFS provides brokerage and custody services to fee-based and hybrid investment advisors. Terms of the transaction, which involves approximately $3 billion in assets, were not made public. As previously reported, in the spring Ceros agreed in June to buy RFS from Security Benefit. Printed from: MFWire.com/story.asp?s=22516 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |