The acquisition will further expand Incapital’s position as a distributor of fixed-income products for individual investors. The transaction will merge two retail corporate bond platforms, InterNotes and Direct Access Notes. InterNotes is managed by a joint venture between Bank of America Securities and Incapital and Direct Access Notes, was previously managed by LaSalle.
Tom Ricketts, president and CEO of Incapital, said: This acquisition fits with Incapital’s mission to make it easier for individual investors to participate in the heavily institutionalized fixed income marketplace.
