Administration June 3, 2003
Boston Advisors Makes Acquisition
March 18, 2002 (PLANSPONSOR.com) - Boston Advisors,
a financial management firm that handles funds for
institutional investors as well as affluent individuals, has
agreed to buy a Watertown, Massachusetts investment advisory
company.
Reported by Fred Schneyer
The transaction, in which Boston Advisors will acquire
Babson-United Investment Advisors, Inc, is expected to
close in May.
The combined firm, which will be based in Boston, will feature 20 investment advisors and will manage $3.5 billion in assets.
Babson also manages money for institutional and
individual clients with $1.2 billion in assets.
Lawrence Manning, Babson’s senior vice president and
chairman of the Investment Committee will become Boston
Advisors’ Investment Committee Chair. Babson-United will
continue to operate its Securities Research Company
division, a stock charting firm.