CAPIS Strengthens Its Services Through Acquisition of TD Securities' Business
In a strategic move to bolster its operations, Capital Institutional Services, Inc. (CAPIS) has recently announced the acquisition of the Plan Sponsor Services business from TD Securities. This acquisition, effective from April 1, 2025, will see CAPIS taking over all existing commission recapture programs previously handled by TD Securities. The addition of this business unit significantly strengthens CAPIS's capabilities in providing commission management services to various asset owners, including pension funds, endowments, foundations, and mutual funds.
David Choate, Chief Operating Officer of CAPIS, expressed enthusiasm about the acquisition, noting its importance in reinforcing the firm's legacy as a provider of commission recapture services. "We are incredibly excited about this acquisition and the opportunities it brings to build upon our legacy as a provider of commission recapture services," he stated. The deal not only aims to enhance CAPIS's service offerings but also demonstrates the company’s unwavering commitment to delivering exceptional service and value to institutional investors.
With the majority of the team from TD Securities' Plan Sponsor Services joining CAPIS, clients can look forward to a seamless transition retaining the high level of expertise that they've been accustomed to. In addition, TD Securities will continue to act as an executing broker within the CAPIS Global Trading Network. This arrangement promises continuity for all plan sponsors and asset managers involved.
Tim Conway, who previously served as the Managing Director of Plan Sponsor Services at TD Securities, now assumes the role of Director of Plan Sponsor Services at CAPIS. He emphasized the mutual commitment to uphold exceptional client service and execution, ensuring that their clients will still receive best-in-class commission recapture solutions. Furthermore, this transition allows TD Securities to maintain its role as a significant broker in the CAPIS Global Trading Network, facilitating ongoing collaboration and service optimization.
The acquisition aligns perfectly with CAPIS's strategic vision to enhance its leadership in commission management services. Since its establishment in 1977, CAPIS has been at the forefront of the commission management practice specifically tailored for institutional investors. The firm has consistently demonstrated its dedication in providing innovative solutions, especially for sub-advised funds and plan sponsors looking for efficient commission recapture options.
CAPIS has positioned itself as an independent brokerage firm based in Dallas, Texas, specializing specifically in commission management solutions for asset managers and plan sponsors. The firm’s long history and expertise in the field solidify its status as a leading provider, and this acquisition is set to further solidify that position in the market.
For more details about CAPIS and its services, visit capis.com or reach out via email at [email protected] This acquisition not only marks an important turning point for CAPIS but also emphasizes the growing importance of effective commission management solutions in the current financial landscape. As institutional investors increasingly demand transparency and efficiency in their operations, CAPIS is well-equipped to meet these evolving needs and expectations.
In summary, the recent acquisition of TD Securities' Plan Sponsor Services by CAPIS is poised to enrich their service offerings and enhance their leadership in the commission management sector. As the financial industry continues to evolve, firms like CAPIS are paving the way for innovative solutions that cater to institutional investors’ needs, ensuring they can manage commissions effectively while maximizing their investment outcomes.
David Choate, Chief Operating Officer of CAPIS, expressed enthusiasm about the acquisition, noting its importance in reinforcing the firm's legacy as a provider of commission recapture services. "We are incredibly excited about this acquisition and the opportunities it brings to build upon our legacy as a provider of commission recapture services," he stated. The deal not only aims to enhance CAPIS's service offerings but also demonstrates the company’s unwavering commitment to delivering exceptional service and value to institutional investors.
With the majority of the team from TD Securities' Plan Sponsor Services joining CAPIS, clients can look forward to a seamless transition retaining the high level of expertise that they've been accustomed to. In addition, TD Securities will continue to act as an executing broker within the CAPIS Global Trading Network. This arrangement promises continuity for all plan sponsors and asset managers involved.
Tim Conway, who previously served as the Managing Director of Plan Sponsor Services at TD Securities, now assumes the role of Director of Plan Sponsor Services at CAPIS. He emphasized the mutual commitment to uphold exceptional client service and execution, ensuring that their clients will still receive best-in-class commission recapture solutions. Furthermore, this transition allows TD Securities to maintain its role as a significant broker in the CAPIS Global Trading Network, facilitating ongoing collaboration and service optimization.
The acquisition aligns perfectly with CAPIS's strategic vision to enhance its leadership in commission management services. Since its establishment in 1977, CAPIS has been at the forefront of the commission management practice specifically tailored for institutional investors. The firm has consistently demonstrated its dedication in providing innovative solutions, especially for sub-advised funds and plan sponsors looking for efficient commission recapture options.
CAPIS has positioned itself as an independent brokerage firm based in Dallas, Texas, specializing specifically in commission management solutions for asset managers and plan sponsors. The firm’s long history and expertise in the field solidify its status as a leading provider, and this acquisition is set to further solidify that position in the market.
For more details about CAPIS and its services, visit capis.com or reach out via email at [email protected] This acquisition not only marks an important turning point for CAPIS but also emphasizes the growing importance of effective commission management solutions in the current financial landscape. As institutional investors increasingly demand transparency and efficiency in their operations, CAPIS is well-equipped to meet these evolving needs and expectations.
In summary, the recent acquisition of TD Securities' Plan Sponsor Services by CAPIS is poised to enrich their service offerings and enhance their leadership in the commission management sector. As the financial industry continues to evolve, firms like CAPIS are paving the way for innovative solutions that cater to institutional investors’ needs, ensuring they can manage commissions effectively while maximizing their investment outcomes.
Topics Financial Services & Investing）
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