(BLACKPRWIRE)(June 3, 2010) NEW YORK--(BUSINESS WIRE)-- CastleOak Securities, L.P. announced that it has been added to Russell Investments global broker network for equities and fixed income products.
This new relationship creates a significant opportunity for our customers to better manage their trading costs, said Marlon Weems, Managing Director of Equity Sales and Trading at CastleOak. Commission recapture provides a way for investors to control their transaction costs. Rebating a portion of the trading commissions a pension plan or mutual fund incurs allows them to retain capital to meet primary spending goals and improve overall performance.
Russell's commission recapture program represents 350 institutional clients worldwide, with $4.5 trillion in assets under management.
About CastleOak Securities, L.P.
CastleOak Securities, L.P. is a leading boutique investment bank with an extensive suite of financial services including equity sales and trading, fixed income sales and trading, and financial advisory services. The firm offers clients expertise in primary and secondary market transactions, advice on mergers, acquisitions, divestitures, valuations and general strategic assessments. Based in New York, with regional offices in Chicago and Atlanta, CastleOak is managed by a team of seasoned investment bankers who provide innovative, client-driven solutions that leverage their extensive professional experience, strong institutional relationships and keen market insight.
For more information, please visit www.castleoaklp.com