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Article: Marco sees big future ahead as an independent fiduciary.(Consulting)(dialogue with Jack Marco)(Interview)
- Article from:
- Pensions & Investments
- Article date:
- April 2, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Douglas Appell
CHICAGO - Jack Marco, chairman of Taft-Hartley consulting heavyweight Marco Consulting Group, says his firm's fledgling independent fiduciary business could double or triple this year, as more clients turn to Marco to make investment decisions on behalf of their retirement plans.
In an interview, Mr. Marco said his Chicago-based firm has three independent fiduciary clients: the $1.5 billion Bricklayers International Union, Washington; the $1.7 billion Service Employees International Union, Washington; and the $30 million Electrical Workers, IBEW, Local 223.
Another three to six clients may sign on this year, predicted Mr. ...