Red Bank, New Jersey-based Financial Information Group has licensed its flagship product, Discovery-RIA, a database tool of the Registered Investment Adviser market, to Frank Russell Company. The web-based application was tapped by Russell for its hundreds of data points on virtually all of the nation's RIAs.

"Having a web-based tool that includes a great body of data on the RIA community increases our ability to strategically partner with and plan our approach to the RIA community," said Phil Rogerson, assistant director at Frank Russell's US Individual Investor Services. "It gives us the information we need to implement our strategy with these advisers."

Rogerson added that Discovery-RIA was selected to better inform Russell's strategy group and arm its sales force with tools and information to selectively target the RIA market.

"The Discovery interface is very user friendly and web deployed, meaning a reduced burden on our IT resources," he said. "The data on RIAs is very deep and updated regularly, which allows our business development group to experience a greater level of efficiency for their efforts."

Financial Information Group recently enhanced its database product by adding comprehensive custodial platform data. The growing firm also picked up Ibbotson Associates as a Discovery-RIA client a few weeks ago. 

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