Leuthold & Anderson Investment Management
completed a distribution deal with Datalynx, making their funds available to Datalynx
's network of financial advisors. The deal is designed to allow Leuthold to strengthen its distribution through fee- and wrap-based products.
The Leuthold Funds, showing a 55% increase in assets between March 2000 and January 2001, found the Denver, Colorado backoffice financial services firm eager to hear their story. "We got their name on a supermarket list in Mutual Fund Magazine
," said Ed Favreau
, managing director of Leuthold Funds. "And we called them up." The Datalynx mailings that notify advisors of new fund products will be sent out this week.
The Minneapolis, Minnesota-based asset manager, with approximately $102 million in fund assets, adds the Datalynx deal to existing supermarket relationships with Schwab
. "It's the name of the game to get on the supermarket shelf," said Favreau.
The Denver, Colorado-based Datalynx serves approximately 330 RIAs with $9 billion in assets.
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