AIM Private Asset Management Announces Agreement With Pershing.Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 20, 2002 AIM Private Asset Management, Inc. (APAM APAM Antipersonnel/Antimaterial APAM Association des Pompiers Auxiliaires de la Montérégie (French; Quebec firefighters) APAM Archives of Pediatric and Adolescent Medicine ), a subsidiary of A I M Management Group Inc. (AIM), has announced it has reached an agreement to have AIM's privately managed investment styles offered through Pershing's Private Label separately managed account platform. APAM focuses on high-net-worth and institutional clients by offering personalized investment styles managed by the same investment teams responsible for many of AIM's retail funds. These separate-account disciplines are offered through financial advisors seeking a personalized product tailored to their high-net-worth and institutional clients' specific investment objectives. Six different APAM investment styles will be offered through Pershing's Private Label platform: Balanced, Intrinsic Value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. , Large Cap Core, International ADR ADR - Astra Digital Radio Growth, Large Cap Growth, and Mid Cap Core. Pershing offers financial organizations and their investment professionals flexible, turnkey managed account programs to consolidate their clients' assets, while providing for the efficient management of client portfolios. Pershing's Private Label services cover the entire spectrum of capabilities from asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. to customer account performance reporting. AIM was founded in 1976 and is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment managers with $398 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of Dec. 31, 2001. For more information about APAM, access its Web site at www.aimprivateassetmgmt.com. |
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