Touchstone on prowl for fund adoptions

Touchstone Investments is looking to adopt funds to fill out its product lineup.
NOV 01, 2009
Touchstone Investments is looking to adopt funds to fill out its product lineup. Although the fund manager launched 10 funds Oct. 1, there are still holes in its product lineup, president Steven Graziano said in an interview. Specifically, Touchstone is interested in acquiring a global tactical-asset-allocation fund. “That's a category that is gaining popularity,” Mr. Graziano said. “Many advisers are less wedded to the style box approach to managing portfolios, and they would like an all-in-one solution where the manager makes the call rather than the adviser.” Fund adoption hasn't been a big part of Touchstone's strategy, but it did play a big role in the growth of Pioneer Investments, where Mr. Graziano headed distribution until August. “The value proposition for adopting a fund is that we can bring our marketing strength to the table, and we can help raise assets,” he said. Mr. Graziano said that the firm doesn't have a timetable for when it would acquire a fund. Touchstone had $5.6 billion in assets under management as of Sept. 30. E-mail Jessica Toonkel Marquez at [email protected].

Latest News

MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products
MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products

Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.

Fintech bytes: Wealth tech firms target advisor productivity with new integrations
Fintech bytes: Wealth tech firms target advisor productivity with new integrations

Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.

Trump Account contributions to get boost from new employer rules
Trump Account contributions to get boost from new employer rules

New Treasury and IRS proposals would let employers add tax-free payroll contributions to the retirement accounts as advisors weigh the fit for client families.

Merit Financial snaps up $900M Bridgeway Group in California push
Merit Financial snaps up $900M Bridgeway Group in California push

The Atlanta-based RIA has now completed nine acquisitions in 2026, with six of those coming from Commonwealth Financial Network's former advisor base.

Generational wealth strategies are shifting as families and business owners eye Trump Accounts
Generational wealth strategies are shifting as families and business owners eye Trump Accounts

Half of small business owners want their company's success to fund generational wealth, says Guardian Life research.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income