Alerian, a leading independent global index provider, has acquired ETF Trends and ETF Database. In addition to providing research and educational tools for financial advisors, these companies offer clients proprietary data insights on the investment community.
“The market demands state of the art, data driven tools to inform product development, enhance distribution, and increase overall advisor engagement,” said Robert Hughes, chief commercial officer at Alerian. “ETF Trends and ETF Database’s established and growing presence with the financial advisor community furthers our insight into what is most important to them, enabling us to deepen our relationships with shared clients.”
Tom Lydon and Tom Hendrickson will be owners in the combined business and will join the board of the parent company.
“Tom Hendrickson and I are excited to be part of a team that shares our core principles and values innovation and client partnership,” said Lydon. “We are focused on continuing to lead the advancement of our digital growth strategy and supporting our shared clients with research, data-driven content, and information product ingenuity.”
The combined company will maintain its offices in Dallas, Edmonton, Irvine, and New York.