The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Arrivato Scouting For More Acquisitions Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 02, 2005

Arrivato Scouting For More Acquisitions

Reported by Armie Margaret Lee

Arrivato Advisors is in the hunt for more acquisitions now that it has signed the final on its INTRUST Financial Services acquisition.

Eric Rubin, president of the New York-based Arrivato, told the MFWire that more deals are in the pipeline.

"We are hoping to do more of this kind of deals," Rubin said in an interview. He declined to offer specifics, saying that talks are still in the early stages.

In a deal announced Wednesday, Arrivato has agreed to purchase IFS for an undisclosed amount.

IFS is the investment adviser to The American Independence Funds, a mutual fund complex with assets of over $600 million.

Under the agreement, Arrivato will replace IFS as the adviser to the 10 mutual funds in the American Independence Funds Trust pending shareholder and regulatory approvals.

Arrivato Advisors will take the name American Independence Financial Services following the completion of the transaction, which Rubin said will likely take place around the end of January.

The acquisition, he said, is intended to accelerate the company’s goal of broadening its fund family. The sales and marketing force at IFS, meanwhile, will move on to other divisions at INTRUST Bank

For 2006, one of the key initiatives at Arrivato is to be "active in working with consultants to spread the word about target date funds," Rubin said.

Arrivato has created the first series of products based on the Dow Jones US Target Date Indexes. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use