Kayne Anderson Rudnick is proud to launch its new brand, including its new and enhanced website. While the new image conveys a refreshed look, the goal is to continue to reflect the company’s strong heritage of providing the highest quality portfolios and service to its clients.
Stephen A. Rigali, CFA, Executive Vice President and Head of the Wealth Advisors Group, was nominated by Fidelity Institutional Wealth Services as being among a select core of the best independent advisors in America. As such, Mr. Rigali will attend Barron’s invitation-only Top Independent Advisors Summit which will bring together the nation’s top 500 independent advisors to share industry knowledge and best practices.
We are pleased to announce that on December 12, 2008, the board of directors of the Phoenix Companies Inc., the parent company of Kayne Anderson Rudnick, approved the spin-off of Virtus Investment Partners into a publicly traded asset management firm. The spin-off, effective December 31, 2008, created two separate companies, Virtus Investment Partners, an asset management firm, and The Phoenix Companies Inc., a life and annuity insurance company. The result of this spin-off is that Kayne Anderson Rudnick is now a wholly-owned subsidiary of Virtus Investment Partners. The shares of Virtus Investment Partners are listed on the Nasdaq Global Market under the symbol “VRTS”.
Effective October 1, Phoenix Investment Partners is Virtus Investment Partners and the PhoenixFunds are now Virtus Mutual Funds. These changes were made in anticipation of the spin-off of the asset management business from The Phoenix Companies, Inc.
Robert Schwarzkopf, CFA, Chief Investment Officer, talks with Bloomberg’s Rhonda Schaffler about high-quality stocks in the Kayne Anderson Rudnick portfolios that have outperformed in this difficult environment. watch the video >