Printer Friendly

PELL, RUDMAN & CO., INC. TO JOIN UNITED ASSET MANAGEMENT CORPORATION

 BOSTON, Dec. 23 /PRNewswire/ -- United Asset Management Corporation (NYSE: UAM) announced today that it has signed an agreement with Pell, Rudman & Co., Inc. under which the Boston-based investment management firm will join the UAM group of companies. Pell, Rudman will continue to operate under its own name and maintain its investment and business independence in keeping with UAM's long-standing policy for its affiliates. Boston Harbor Trust Co., N.A. will continue to operate as a subsidiary of Pell, Rudman.
 With approximately $1.1 billion in assets under management, the Pell, Rudman organization provides a highly personalized and comprehensive program of asset management for individuals, families and related accounts. The majority of the firm's accounts are balanced; asset allocation is customized to adjust to the varying income and growth needs of each client. Pell, Rudman's equity philosophy emphasizes stocks with consistent, above-average growth in earnings and cash flow while the firm manages bonds to provide low volatility and predictable income. Pell, Rudman is led by Edward I. Rudman, Anthony D. Pell, James S. McDonald and Jeffrey S. Thomas.
 Norton H. Reamer, president of UAM, said: "Pell, Rudman is an investment management firm dedicated to serving private clients. With a strong long-term record and a talented group of investment professionals, the firm is well-positioned for future growth. Pell, Rudman will help UAM strengthen its presence in the private client sector of the investment management industry. We are delighted that they are joining us."
 UAM provides investment management services, primarily to institutional clients, through 31 operating firms which manage $74 billion for over 4,600 clients located throughout the United States and abroad.
 -0- 12/23/92
 /CONTACT: William H. Park or Franklin H. Kettle of United Asset Management, 617-330-8900/
 (UAM)


CO: United Asset Management Corporation ST: Massachusetts IN: FIN SU: PER

LR-PS -- NY007 -- 9445 12/23/92 09:06 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 23, 1992
Words:308
Previous Article:HOME PORT BANCORP, INC. DECLARES QUARTERLY CASH DIVIDEND
Next Article:PERSONAL DIAGNOSTICS, INC. REPORTS RECORD SALES AND NET INCOME FOR THE FISCAL YEAR ENDED SEPT. 30, 1992
Topics:


Related Articles
HYPERION CAPITAL MANAGEMENT ANNOUNCES NEW PRESIDENT AND CEO
UNITED ASSET MANAGEMENT CORPORATION REPORTS RECORD FOURTH QUARTER AND FULL YEAR RESULTS
UNITED ASSET MANAGEMENT CORPORATION COMPLETES ACQUISITION OF PELL, RUDMAN & CO., INC.
UNITED ASSET MANAGEMENT CORPORATION POSTS STRONG FIRST QUARTER RESULTS; NET INCOME UP 35 PCT., E.P.S. UP 25 PCT., OPERATING CASH FLOW UP 41 PCT.
UNITED ASSET MANAGEMENT CORPORATION NAMES NORMAN PERLMUTTER DIRECTOR
JOHN K. DWIGHT ASSET MANAGEMENT TO JOIN UNITED ASSET MANAGEMENT; SPECIALIST IN GICs AND SYNTHETIC GICs MANAGES OVER $5 BILLION
UAM PASSES $100 BILLION IN ASSETS UNDER MANAGEMENT, MOVING FIRM HIGHER AMONG 20 LARGEST MONEY MANAGERS
NORWEST ESTABLISHES NEW SUBSIDIARY TO MANAGE FIXED INCOME PORTFOLIOS
UNITED ASSET MANAGEMENT CORPORATION REPORTS STRONG SECOND QUARTER AND SIX-MONTH 1996 RESULTS
United Asset Management Corporation Completes Acquisition of J.R. Senecal & Associates Investment Counsel

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters