Thanks to a continuing flow of new business, ALPS Funds Services
has added 50 employees since October 2009, and company CEO Ned Burke
has no plans to stop hiring.
"As long as we continue to close new business, we foresee additional hires. We're adding 25 to 50 over the next few months just because of what the pipeline looks like," Burke told The MFWire
The hires have primarily been fund accountants and support staff for ALPS' new fund services clients. Most of the additions have been at the company's Denver headquarters, Burke noted, but they've also added in California and Boston.
"We really keep plugging along in the marketplace. There's been a lot of consolidation in the industry, but we've been able to stay independent," said Burke. "We're investing a lot in our technology platform. When prospects look at us, the tech plays."
ALPS has traditionally had a strong distribution business, but Burke thinks that new capabilities in the RIA space have helped bring in the new clients.
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