(pictured: Damian Moloney)
Frontier Advisors, thanks to its US associate Segal Rogerscasey, has lifted its research capabilities and reach in the US market with the merger of Segal Rogerscasey and Marco Consulting Group.
Frontier formed its ‘Global Investment Research Alliance’ in 2013, with Rogerscasey in the US and LCP in the UK the key members. Frontier has been also looking to form a research alliance in Asia, but that market is proving elusive.
The Rogerscasey deal, announced last week, means the US advisory group will expand 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.
Damian Moloney, Frontier’s chief executive, said: “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.