Dow Jones acquires financial publications business.NEW YORK--(BUSINESS WIRE)--Jan. 20, 1995--Dow Jones & Co. Inc. and Charter Financial Publishing Corp. said Dow Jones has acquired the business of Charter Financial, publisher of Investment Advisor 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 and Fee Advisor magazines and the Realty Stock Review newsletter. The announcement was made today by James H. Ottaway Jr., president, Magazine group of Dow Jones, and Charles Stroller, president of Charter Financial. Terms were not disclosed. Charter Financial is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Shrewsbury, N.J. Investment Advisor is a controlled-circulation, monthly magazine that provides news, market and product analysis, and practical information for professional financial advisers. Fee Advisor is a new, controlled-circulation quarterly magazine that provides financial investment news to fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the advisers. Realty Stock Review is a semimonthly sem·i·month·ly adj. Occurring or issued twice a month. n. pl. sem·i·month·lies A semimonthly publication. adv. At intervals twice monthly. See Usage Note at bi-1. Noun 1. newsletter that tracks the market performance of real estate-backed securities and provides news coverage and statistical analysis of the real estate securities market. Dow Jones publishes The Wall Street Journal, Barron's magazine and other periodicals, electronic business information services See Information Systems. , including Dow Jones Telerate, and the Ottaway group of community newspapers. CONTACT: Dow Jones & Company, Inc. Roger B. May, 212/416-2601 |
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