Dreyfus Corp. will provide separate account management for institutional and high-net-worth investors through broker-dealers and financial planners.
The first offering is a large-cap active equity strategy managed by Fayez Sarofim. Dreyfus will offer the service initially through First Union Securities, PaineWebber and Salomon Smith Barney, but spokeswoman Patrice Kozlowski said other broker-dealers and financial planners will be added to Dreyfus’ distribution list later.
Separate account management by other Mellon Bank-owned subsidiaries such as Newton Capital and Mellon Equity will be added later for other asset classes.
