Applicants were then graded based on in-person and telephone due diligence meetings
and a ranking algorithm that factors in client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria (including assets under management and revenue generated for their firms).
3 Review and comment on the preliminary and final official statements, participate in due diligence meetings
, and participate in bond document review sessions.
The most common such service last year was support for due diligence meetings
(87%), on exact par with the year prior.
A Cerberus spokesman added: "It is standard operating practice to hold due diligence meetings
of this nature with government ministers in advance of making a bid, especially as we had never invested in Northern Ireland previously.
RIAs find white papers, thought leadership pieces and economic-oriented commentaries or outlooks most useful, while wirehouse advisors prefer sales ideas and seminars and regional and independent advisors prefer due diligence meetings
and product training.
UK insurer Resolution said yesterday it had held due diligence meetings
with rivals Standard Life and Pearl, but said it had held no talks on proposals and had received no firm offers from the suitors.
In terms of the products and services that DCIO providers make available to financial advisers, due diligence meetings
top the list, with 83% offering this service.
The vast majority, 83%, of these DCIO providers have a sales team dedicated to the financial adviser market, and they offer a plethora of services to advisers, including: due diligence meetings
, research, adviser conferences, practice management, retirement plan sales and service training, support for investment committee meetings, plan benchmarking and lead generation.