Alliance Advisors Enters the Mutual Fund Proxy Solicitation Biz
Reported by Armie Margaret Lee
There's a new player in the mutual fund proxy soliciation business. Alliance Advisors, a Bloomfield, New Jersey-based proxy management firm founded by
ex-Corporate Investor Communications executives in 2005, on Wednesday formally planted its flag in the mutual fund proxy solicitation landscape.
Company Press Release
Alliance Advisors Expands into the Proxy Solicitation Business
BLOOMFIELD, N.J.--Alliance Advisors, a proxy management firm founded in 2005, has announced its expansion into the corporate and mutual fund proxy solicitation business. The firm will provide a broad and distinctive brand of services including proxy solicitation, corporate governance consulting, acting as information agent, proxy contests, mutual fund solicitation, asset recovery services and proxy management.
Kevin Mackey, Chief Executive Officer, comments “Many in the industry will remember our former proxy solicitation firm Corporate Investor Communications (CIC) that had a prominent reputation for service and reliability which produced quality results. We intend to use that same business model at Alliance Advisors to create a firm that is the foremost resource for affecting all types of corporate actions and shareholder events.”
“Our staff has extensive experience in the proxy solicitation arena” adds Peter Casey, Executive Vice President at Alliance Advisors. “We also focus heavily on corporate governance consulting including Director Risk Analysis, Equity Plan Analysis and Governance Profile Analysis. Given the changes impacting our industry including the Dodd-Frank Act, Proxy Access, Say-on-Pay and the federal review of proxy plumbing, we are well positioned to provide corporations with the high level consultation required.”
“Alliance Advisors is building an organizational framework that has a lean quick to respond management structure supported by the most sophisticated array of proprietary databases and technological systems available” said Joseph Caruso, Chief Operating Officer at Alliance Advisors. “We will maintain our competitive edge by refining our operating methods while melding shareholder intelligence with telecommunications.”
Michael Mackey, President, said “We will be introducing the most innovative approach to the world of shareholder meetings. By combining our proxy management service with our proxy solicitation capabilities, Alliance Advisors will provide corporations with the ultimate turnkey solution. Our clients will reap tangible benefits through every step of the shareholder meeting process. The mission of Alliance Advisors is to employ strategic thinking on every transaction which is evident in every business decision we make.”