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

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

Rating:An SRI Shop's Distro Chief Takes Over Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 18, 2016

An SRI Shop's Distro Chief Takes Over

Reported by Neil Anderson, Managing Editor

A new chief is taking over a $10.2-billion SRI, manager-of-managers mutual fund shop. Watch for him to make several distribution hires in the coming months and into 2017.

Ron Dugan
GuideStone Financial Resources
Chief Strategic Investment Officer
On August 1, Harry Nelson was promoted to president of Dallas-based GuideStone Capital Management [profile], which is part of the 98-year-old Southern Baptist Church-affiliated non-profit GuideStone Financial Resources. Nelson confirms that Ron Dugan, formerly chief strategic investment officer for GFR and president of GuideStone Capital Management, left GuideStone on August 15.

MFWire could not immediately reach Dugan himself for comment.

Nelson, who reports to GFR chief operating officer (and GuideStone Funds president) John Jones, will also continue to serve as head of sales for both the GuideStone Funds and for GuideStone's bundled retirement plan recordkeeping business. Nelson says he could search for a new sales chief in mid-2017 or so.
William Lofland
GuideStone Financial Resources
Head of Intermediary Sales
Meanwhile, West Coast GuideStone Funds wholesaler Will Lofland has been promoted to head of intermediary sales and national accounts, Nelson confirms. Lofland "will kind of be a player coach" and will "retain a small territory" that includes Colorado and Utah, Nelson tells MFWire. Yet they are also searching for another wholesaler to fill Lofland's old shoes.

"We've just been thrilled with the success of our intermediary sales," Nelson says. "We've raised over $100 million [in the advisor channel] ... It's been a good liftoff."

Pat Feller, head of institutional sales, also reports to Nelson.

Nelson, an alumnus of Northwestern and of Dallas Baptist University, joined GuideStone in 2013. Last year GuideStone opened up its mutual fund distribution "to the broader investing public," and Nelson hired GuideStone Funds' first external wholesalers.

Before joining GuideStone three years ago, Nelson worked with Wachovia (now part of Wells Fargo), Schwab, and Golden Capital Management.

Dugan is an alumnus of Texas A&M and of the University of Texas at Dallas. He joined GuideStone in 2010 after working with another big manager of managers, Russell, for the better part of a decade. He also worked with the Baptist Foundation of Texas, the Meadows Foundation, and Price Waterhouse (now PWC).

GuideStone Funds had $10.2 billion in AUM as of March 31, 2016, though the bulk of its assets from 403(b) retirement plans for employees of churches, colleges, hospitals, retirement homes, universities, and other Christian-affiliated organizations. GuideStone lays claim to being the "largest Christian-screened mutual fund family" in the U.S. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF Director Discussion Series - Open Forum, July 9
  2. ICI webinar - The Digital Future of Asset Management: Current State and Regulatory Landscape, July 10
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use