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Rating:Watch Out Nasdaq, Here Comes Neil Hennessy Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 28, 2014

Watch Out Nasdaq, Here Comes Neil Hennessy

Reported by Tommy Fernandez

Never let it be said that Neil Hennessy can't work a room, or a market, for that matter.

Or rather, it's his firm Hennessy Advisors, which announced that it is moving its shares from the OTC market to Nasdaq.

In a statement, Hennessy, who is president, chief executive, and chair of his firm, declared that “Listing our stock on this highly-respected, national exchange is a significant milestone for Hennessy Advisors and emphasizes our commitment to grow the value of the company for the benefit of our shareholders. With our impressive growth of assets under management, our firm is garnering more and more attention from potential investors. We strongly believe this move to NASDAQ will provide more liquidity for our current stockholders, increase the firm’s visibility to the investment community and allow many institutions to invest in Hennessy Advisors who typically do not or cannot invest in over-the-counter securities."

What could his firm do with more liquidity and investor attention? Well, maybe more of the acquisitions that Hennessy is hungering for.

Meanwhile, on the organic growth side, Hennessy's firm continues to push for sales with a less than traditional approach to wholesaling. These efforts are led by Brian Carlson, who Hennessy hired recently as head of distribution

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