The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BPV Makes a Deal, Septuples Its AUM Not Rated 1.0 Email Routing List Email & Route  Print Print
Tuesday, April 07, 2015

BPV Makes a Deal, Septuples Its AUM

Reported by Neil Anderson, Managing Editor

A mutual fund shop in Tennessee just made its second acquisition in about four months, septupling in size. And separately, the shop's distribution chief just doubled his sales team and extended its reach to 23 states in total.

Today Mike West, CEO of Knoxville, Tennessee-based BPV Capital Management [profile], confirmed BPV's acquisition of Orlando, Florida-based Cain Brothers Asset Management (CBAM). An institutional asset manager, CBAM brings $1.65 billion in assets under management to the BPV fold, pushing BPV's AUM up to $1.93 billion.

BPV is keeping the whole seven-person CBAM team on board. That includes CBAM's four PMs and its Indianapolis-based CEO Tim Sheehan, who will become a senior vice president at BPV.

While CBAM focuses on institutional clients, watch for BPV to bring CBAM's wares to retail clients, perhaps by creating new BPV mutual funds. West tells MFWire that, in time, he's interested in making '40 Act mutual funds based on CBAM's three separately managed account (SMA) strategies.

The deal comes just four months after BPV unveiled its purchase of Shrewsbury, New Jersey-based Skyview Investment Advisors. That deal also brought six people to BPV.

Meanwhile, West is amping up BPV's distribution capabilities, too. Today West confirmed the addition of four wholesalers, three externals and on internal, to chief distribution officer Frank Gregory's team. Gregory, who joined BPV last summer, describes the new hires as "some of the best sales professionals in the industry."

Sarasota, Florida-based Dominic Alto joined BPV last month as a regional manager (external wholesaler) covering Alabama, Florida, Louisiana, Mississippi, and Texas. An alumnus of Florida State University, Alto previously held sales posts at Merrill Lynch and Nuveen. He most recently served as vice president and external wholesaler for Franklin Square Capital Partners, covering RIAs in the Southeast.

MFWire could not immediately reach a Franklin Square spokesperson for comment on how Alto's duties are being handled.

Richmond, Virginia-based Bill Cavey joined BPV in February as a senior regional manager (external wholesaler) covering Washington, D.C., Maryland, and Virginia. An alumnus of Elon University, Cavey previously worked in sales roles at Wells Fargo and Merrill Lynch Investment Managers (now part of BlackRock). He most recently served as a vice president at Nuveen, covering D.C. and Virginia.

MFWire could not immediately reach a Nuveen spokesperson for comment on how Cavey's duties are being handled.

Dan Hinckle joined BPV as a regional manager (external wholesaler) covering Delaware, New Jersey, and Pennsylvania. He previously served as senior vice president for Deutsche Asset and Wealth Management.

Citing company policy, a spokeswoman for Deutsche declined to comment on Hinckle's departure or on how his duties are being handled.

Eric Fiedler, based in the New York City area, joined BPV last month as director of internal sales (internal wholesaler). An alumnus of St. John's University, Fiedler previously worked at TIAA-CREF, AXA, Transamerica, and Jackson National Life. He most recently held a sales post at Lightstone Group, a privately held real estate company. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Irish Funds Annual Global Funds Conference 2022, May 30-31
  2. WealthManagement Edge, May 31 - June 3
  3. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  4. 28th annual Expect Miracles East Coast Classic, June 9
  5. 2022 Sohn Investment Conference, June 9
  6. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  7. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  8. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  9. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  10. 2022 MMI Emerging Asset Managers Forum, June 23
  11. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  12. Financial Planning INVEST, Jun 28-29
  13. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  14. MFDF Director Discussion Series - Open Forum (New York), July 20
  15. 2022 MMI Distribution Leadership Forum, Jul 20-21
  16. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  17. MFDF webinar - Performance, Perception and Manager Selection, September 14
  18. 2022 ICI Tax and Accounting Conference, Sep 18-21
  19. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  20. Nicsa Fearless Leadership Symposium, Oct 6-7
  21. 2022 MMI Annual Conference, Oct 19-21
  22. 2022 IDC Fund Directors Conference, Oct 24-26
  23. 18th annual Expect Miracles Wine & Spirits Event, October 27
  24. Nicsa 2022 General Membership Meeting, October 31 - November 2
  25. Tiburon CEO Summit XLIII, Nov 7-9
  26. 2022 ICI Tech Summit, Nov 8-9

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use