Wilmington, Del. (Sept. 22, 2003) -- PFPC Worldwide Inc., a leading provider of mutual fund wrap services and a member of The PNC Financial Services Group Inc., is strengthening its foothold in the separately managed account arena with the acquisition of Web-based managed account provider ADVISORport.
ADVISORport will become part of PFPC’s managed account services business unit, which provides technology and managed account services to enterprise sponsors, registered investment advisors and money managers. The deal is slated to close in mid-October. Terms were not disclosed.
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