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Rating:An ETF Firm Brings in a Marketer Not Rated 1.0 Email Routing List Email & Route  Print Print
Friday, April 17, 2009

An ETF Firm Brings in a Marketer

by: Armie Margaret Lee

AdvisorShares Investments, an ETF-focused firm majority-owned by Fund.com, has hired a marketing director. The Bethesda, Maryland-based company brought on board Kathleen Young, a former vice president and equity liaison at A.G. Edwards.

The MFWire reported on AdvisorShares' search for a marketer and two wholesalers in March (see The MFWire, 03/13/09.)

Last month, AdvisorShares filed with the SEC to launch what would be its debut product, an actively managed ETF-of-ETFs sub-advised by HS Dent (see The MFWire, 03/12/09).

Young joins AdvisorShares CEO and founder Noah Hamman, executive vice president Dan Ahrens and vice president of business development James Carl.

Hamman, a Rydex Investments alum who earlier worked for FOLIOfn and Fidelity, started AdvisorShares in late 2006. In November of last year, online financial content provider Fund.com took a majority stake in AdvisorShares.
Company Press Release

AdvisorShares Investments, LLC, an innovative investment management firm designed to offer actively managed ETFs, is pleased to announce Kathleen Young has joined as Director of Marketing. Kathleen is a former Vice President, Equity Liaison of A.G. Edwards and is well-recognized to more than 6,000 registered representatives as a marketing and financial services professional.

At A.G. Edwards Kathleen conducted broker training programs, created marketing campaigns, participated in television broadcasts, and served as host of the firm's morning research call. Kathleen was known as the 'voice of A.G. Edwards' to the firm's more than 6,000 retail brokers. Kathleen was well-regarded for her ability to take complicated institutionalized research reports turning them in to short, easy to understand, client-friendly alerts. Additionally, Kathleen served on the firm's business development committee, taught training classes at Edwards University and created the Research Information Center providing an important communications resource for retail financial consultants.

Kathleen says she is 'looking forward to her new role at AdvisorShares and sees tremendous growth potential as so many investors today are seeking greater diversification and transparency in their investments.' Kathleen can be heard beginning April 20th on the AdviorShares weekly podcast available at www.advisorshares.com.

Kathleen joins Dan Ahrens, Executive Vice President and James Carl, Vice President of Business Development at AdvisorShares. Dan has extensive experience in the investment management industry covering portfolio management, sales and administration. His background includes responsibility for operations, finance and compliance. Prior to joining AdvisorShares, Dan founded Ahrens Advisors, L.P., in 2005, an SEC-registered Investment Advisor. Prior to forming Ahrens Advisors, he was President of the MUTUALS.com Funds. Dan is an accomplished author and speaker, and has appeared on numerous financial programs including CNBC, ABC News and Bloomberg. James Carl brings extensive experience in the financial services industry. Prior to joining AdvisorShares, James worked as an Independent Financial Consultant where his primary client was an asset management team for an RIA/broker-dealer with $1 billion under management. James' experience also includes FOLIOfn as the Manager of both Business Development and the Institutional Sales team.

Noah Hamman, CEO and founder of AdvisorShares, said, "We are very pleased with today's announcement as Kathleen brings extensive experience in marketing and servicing financial advisors and clients having dedicated more than 20 years to the financial services industry." Noah notes that he is "pleased to be hiring in an environment where many in the financial sector have been laying off."

About AdvisorShares

AdvisorShares is an innovative investment management firm designed to offer actively managed ETFs. Exchange Traded Funds are one of the fastest growing investment products due to their operational and tax efficient structure, and ease of accessibility. AdvisorShares intends to offer a variety of investment products designed to help investors reach their financial goals. The Company seeks out top investment management firms interested in sub-advisory and product development opportunities, as well as qualified emerging money managers.

AdvisorShares Investments, LLC, is majority owned by Fund.com Inc., an online financial community which provides investment insight, analysis and portfolio planning tools.

Additional Information about AdvisorShares Investments, LLC is available at www.AdvisorShares.com
 

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