|
Article Excerpt
Transaction broadens PFPC's financial advisor service offering
PITTSBURGH, Nov. 1 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. announced today it has signed a definitive agreement to acquire Lawrenceville, N.J., - based Albridge Solutions Inc., a provider of portfolio accounting and enterprise wealth management services. Through relationships with 150 financial institutions and more than 100,000 financial advisors with assets under management that exceed $1 trillion, Albridge delivers an aggregate, single view of clients' assets along with robust performance reporting and analysis. Albridge will increase the offerings of PFPC Worldwide Inc., PNC's provider of global investment services.
"The Albridge acquisition enhances PFPC's leadership position and continues the transformation of PFPC's business model. In addition to its processing capabilities, PFPC is increasingly a provider of information services," said James E. Rohr, chairman and chief executive officer, PNC.
Financial terms of the agreement were not disclosed. Subject to...
|
|
More articles from PR Newswire
Micromet to Host a Conference Call and Webcast to Discuss Third Quarte..., November 01, 2007
AirTran Airways Adds PayPal as Online Payment Option., November 01, 2007
Massachusetts Nonprofits Use Technology to Improve Services for Indivi..., November 01, 2007
SLC Agricola Announces Net Revenue of R$64.5 Million and Adjusted EBIT..., November 01, 2007
The Conference Board and Duke University Team for a Unique, Global Off..., November 01, 2007
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
