MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 7, 2011 How BlackRock Plans to Double its Retail Business BlackRock's [see profile] ambition to double its U.S. retail business by 2014 continues to garner attention from the press. In a story published yesterday, Reuters' Aaron Pressman interviewed BlackRock's U.S. retail boss, Frank Porcelli, who outlined BlackRock's strategy for growing the business. Porcelli granted a similar interview to InvestmentNews last week.
Porcelli plans to double the business by expanding the sales force, increasing sales to brokers and financial advisors, ramping up its presence in the 401(k) market, and crafting customized investment programs for wealthy investors utilizing separate accounts. Porcelli will increase his team's headcount this year by 15 percent, Reuters reports. Printed from: MFWire.com/story.asp?s=36490 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |
