Corporate Profile for Investors Financial Services Corp., dated Sept. 27, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published Date: Sept. 27, 1996 Company Name: Investors Financial Services Corp.
Address: 89 South Street
Boston, MA 02205
Main Telephone Number: 617/330-6700 Chief Executive Officer: Kevin J. Sheehan Chief Financial Officer: Karen C. Keenan Investor Relations Contact: Amy E. Wells Business number: (617) 330-6032 Trading Symbol: IFIN Industry: Financial Company description: Investors Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Corp., provides asset administration services to the financial services industry through its subsidiary, Investors Bank & Trust Co. Unlike traditional banks, Investors Bank & Trust Co. does not provide retail banking services. Instead, it provides asset administration services such as domestic and global custody, multicurrency accounting, mutual fund administration, institutional transfer agency, foreign exchange, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. and portfolio performance measurement services. Its clients include mutual fund complexes, investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , banks and insurance companies. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , total financial assets Financial assets Claims on real assets. have increased rapidly over the past several years. The company believes that this increase in financial assets products is the key to revenue growth for asset administration companies, and will continue to increase the demand for the company's asset administration services. By providing a multiple of services, Investors Bank & Trust Co. acts as a one stop service provider for financial investment companies. By concentrating only on asset administration, the bank is able to offer a higher standard of quality than its larger competitors. Superior client service, technological expertise, highly trained staff and an integrated approach to the industry also place Investors Bank & Trust Co. ahead of the competition. On Nov. 9, 1995, Investors Financial Services Corp. made an Initial Public Offering of 2,300,000 shares at $16.50 per share. The low stock price since then was $18.675 per share on Nov. 9, 1995. The high stock price was $23.75 on July 3, 1996. CONTACT: Investors Financial Services Corp. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion