Frontier Advisors’ foundation partner of the Global Investment Research Alliance, New York based Segal Rogerscasey (SRC), has announced the finalisation of the acquisition of the Marco Consulting Group (Marco).
This transaction expands the existing SRC business in a number of dimensions, capabilities and markets. It will increase SRC’s advisory group staffing to around 150 people with funds under advice increasing by around $US100 billion, to over $US500 billion. Client numbers will also increase by around 100, to over 400, and, via Marco, the group will add two new offices in Denver and Seattle further increasing SRC’s western US footprint alongside their existing Los Angeles and Dallas offices. Marco also adds a new capability in governance/proxy advice and a strong multi-employer client list.
Frontier CEO Damian Moloney commented that: “This is a very positive development and adds to the strength, depth and reach of SRC in the US, and particularly will expand their research effort. This in turn will benefit our Australian based clients through our GIRA partnership”.
The acquisition will also result in a name change for the new entity with the GIRA partner becoming Segal Marco Advisors.