Palisades Hudson, Scarsdale, Named One of 100 Largest Registered Investment Advisors; Tops $1 Billion Mark in Client Assets Under Management

SCARSDALE, NY--(Marketwire - Jul 20, 2011) - Palisades Hudson Asset Management L.P. was named America's 83^rd largest registered investment advisor by Financial Advisor, a leading magazine for financial professionals. The firm had $1.053 billion of total client assets under management as of December 31, 2010.

A registered investment advisor (RIA) is a financial advisor registered with the Securities and Exchange Commission.

"We launched our asset management firm in 1997, so it took us less than 13 years to reach the $1 billion mark," said Larry Elkin, CFP®, CPA, the firm's president. "I believe our growth shows that our clients have gotten solid, consistent results from our individualized asset-allocation strategy."

Founded in 1997, the firm invests in low-cost mutual funds, exchange traded funds, and alternative investments including private equity, hedge funds, natural resources and real estate.

In 2010, Palisades Hudson was named to the list of the nation's largest 50 financial planners by InvestmentNews, an authoritative weekly trade newspaper.

Palisades Hudson Asset Management is the sister firm to Palisades Hudson Financial Group (www.palisadeshudson.com), which offers estate planning, insurance consulting, retirement planning, cross-border planning, business valuation, family office and business management, executive financial planning, and tax services. Branch offices are in Atlanta and Ft. Lauderdale. The firm publishes a daily blog at http://palisadeshudson.com/current-commentary.