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

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

Rating:Touchstone Tunes Distribution Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, June 07, 2001

Touchstone Tunes Distribution

Reported by Alfred Wang

Touchstone has adjusted its distribution structure by adding "B" shares and repricing "C" shares. The decision to add "B" shares was made in response to broker-dealers who asked for more flexible payment schemes. The "C" shares addition is part of an attempt by Touchstone to build its presence in the mutual fund wrap account arena.

"We're fortunate in that this complex has the wherewithal to add 'B' shares," said Jill McGruder, president and chief executive officer of the Western-Southern subsidiary, emphasizing the importance of different compensation options for brokers and firms: "Touchstone knows exactly which offices 'B' shares were built for."

The decision to reprice "C" shares reflected the Cincinnati, Ohio-based firm's efforts in the fee-based space. "Our 'C' shares did have a two percent charge," explained McGruder.

No executive is dedicated to taking Touchstone products into wrap programs, but McGruder revealed new relationships with Merrill Lynch, UBS Paine Webber, and Raymond James. "You have to keep beating your head against the wall," McGruder confided.  

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

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use