Is Ameriprise Looking To Buy ETF Vendor Grail Advisors? Hot

ScottMartinScottMartin  
 
 
0.0 (0)
Write Review

 

Grail Advisors -- with barely $25 million in total AUM spread across five ETFs -- has confirmed that it's selling itself to someone.

 

The question is who the buyer might be. Anonymous tipsters say it's Ameriprise, which has a known appetite for proprietary product, having bought $190 billion in Columbia funds a few years back.

 

Buying Grail would give Ameriprise advisors a new and fairly expensive product to sell. 

 

Unlike most ETFs, the company's funds are actively managed. And they're relatively pricey by ETF standards, with expense ratios generally in the 0.89% range.

 

This may give Ameriprise a way to squeeze commissions out of the asset class that compare to what its advisors currently book on mutual funds.

 

 

This Website Is For Financial Professionals Only


User reviews

There are no user reviews for this listing.
Already have an account? or Create an account