Investment Advisers Inc. (IAI) has purchased Thomson Financial Services Inc.'s Portia portfolio management system to provide accounting, analysis and reporting services to 40 managers, researchers and operations staff at its Minneapolis headquarters. The firm also went live last week with Merrin Financial Inc.'s Merrin Financial Trading System (MFTS)--which it plans to eventually link to Portia.
IAI's search for a new portfolio management system began last September. In addition to Portia,
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