Despite a report to the contrary, Adam Bold insists that his Mutual Fund Store RIA chain is not on the block. Yesterday InvestmentNews claimed that, according to an anonymous source, JPMorgan is shopping the Overland Park, Kansas-based firm for between $300 million and $350 million. Yet in interviews with Dow Jones, the Kansas City Star and RIABiz, Bold countered that the firm is not for sale.

"We have not put the company up for sale," Bold told the pubs. "Neither I nor our management team are going anywhere."

The 15-year-old, franchise-based firm boasts 73 branches, $6.4 billion in assets and about 32,000 clients. 

Edited by: Neil Anderson, Managing Editor


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