The Dreyfus and its subsidiary, Dreyfus Service Corporation, is making available its separate account service to further enhance Dreyfus' institutional and investment advisory business. This service will provide individually managed portfolios and related investment services through institutional channels such as broker-dealers or financial planners.

Dreyfus has also announced that Fayez Sarofim & Co., the Houston-based asset management firm which also subadvises several Dreyfus mutual funds, is the first asset manager to work with the Dreyfus separate account business.

Potential separate account clients are high net worth individuals and institutional clients, such as endowments, foundations, 401(k) plans, public funds, corporate pensions and Taft-Hartley plans, with accounts of $100,000 or more who work through a third party investment consultant.

"Our separate account service allows us to leverage the industry's migration toward fee-based businesses and to provide our partners with more efficient representation with their clients," said Michael Millard, president of Dreyfus' sales division.

Dreyfus' separate account service is led by Frank Coates, senior vice president of Dreyfus Service Corporation. This area includes a product management team, a client service team and a sales force which work directly with investment consultants to distribute Dreyfus investment management services. 

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