the acquisition of Wells Fargo Nikko Investment Advisors by Barclays PLC created one of the largest institutional money managers in the world, with $205 billion in assets
Intuit Inc. of Mountainview, California, paid $370 million in stock to buy out market leader Rock Financial Corp. of Bingham Farms, Michigan, which generated 1998 revenues of $90 million
Metra Health was formed earlier in 1995 by combining the group health care operations of Metropolitan Life Insurance Company and The Travelers Insurance Group.
Futures and investment advisory firms, investment counseling services, research organizations, and mutual fund managers compose the investment advice industry
In 1991, there were 175 companies operating in this industry; by 1997, there were only 34--with the industry leaders consisting of subsidiaries of larger, diversified corporations.
Electronic trading and satellite information networks provided the information that was necessary for the industry to efficiently take advantage of global investment opportunities