Bryn Mawr Bank Corp., the parent company of Bryn Mawr Trust Co. in Philadelphia, has announced that it will offer a nonproprietary separately managed account platform.
The platform is to be offered in partnership with Federated Investors Inc., a Pittsburgh investment manager, the banking company said on Monday.
Bryn Mawr Trust will continue to offer its traditional proprietary asset allocation investment options with the new nonproprietary asset-allocation products through its brokerage subsidiary, the company said in a press release.
Federated had $260 billion of assets under management at June 30.
Bryn Mawr Bank Corp., including Bryn Mawr Trust, has $880 million of corporate assets and $2.6 billion of trust and investment assets under management as of June 30.
