PFM Expands Stable Value Capabilities with Planned Acquisition of Fiduciary Capital Management
"The FCM team provides a great complement to our current array of asset management services," said PFM CEO
"By bringing in a team with an accomplished track record and strong skill set in stable value we'll be able to broaden our offerings to our current client base as well as future clients," Starr said. "The defined contribution market has become more and more important in the investment business, given the scope and growth of the asset base there. In order to best serve our clients we felt it was essential to expand our capability in that category."
FCM, which is currently owned by
FCM's clients include public, corporate and Taft-Hartley retirement plans. The company's President and Chief Investment Officer,
"The chance to join PFM and work with
Starr noted that the asset acquisition will mark another step in PFM's ongoing growth.
"Stable value lines up very well with the PFM asset management team's core competencies and skills of being a high quality, conservative, investment grade fixed income manager."
About PFM
At PFM, over 600 employees - asset managers, financial advisors and consultants - partner with clients in every region of the country to transform their world. We combine superior financial advice, disciplined management and ingenuity to build, power, move and educate. PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation.
For more information regarding PFM's services or entities, please visit www.pfm.com. For important disclosure information please, visit www.pfm.com/disclosures.
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SOURCE PFM
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