Firm History
Duff & Phelps Investment Management Co. is an SEC registered investment advisor that was established in 1979 and which grew out of the Duff & Phelps investment research firm that dates back to 1932. The Duff & Phelps investment research firm also produced another household name, Duff & Phelps Credit Rating, which was spun-off in 1994 and was subsequently acquired by Fitch, which later dropped the Duff & Phelps name from its corporate label.
Since 1995, Duff & Phelps Investment Management Co. has been a wholly-owned subsidiary of Phoenix Investment Partners, Ltd., a Hartford, CT. based company, which also owns five other independently managed investment management organizations. Phoenix Investment Partners is a wholly-owned subsidiary of The Phoenix Companies (NYSE:PNX), whose other principle businesses are life insurance and annuities.
In February, 2008, The Phoenix Companies announced its intention to spin-off Phoenix Investment Partners so that each respective organization could focus on their specialities: investment management for the entities comprising Phoenix Investment Partners and life insurance and annuities for the residual Phoenix Companies.