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

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

Rating:BlackRock Alum to Turbocharge Growth Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, January 09, 2017

BlackRock Alum to Turbocharge Growth

Reported by Katy Golvala

Capstone president and CEO Michael Kern wants to grow his firm into a $30 billion shop in the next few years, and he just hired BlackRock sales executive David Rentfrow to help him do it.

David Rentfrow
Managing Director and Head of Distribution
Rentfrow will report directly to Kern and serve as managing director and head of distribution, overseeing institutional, intermediary, and mutual fund product distribution for the Houston-based asset manager. He will be responsible for expanding the firm's network of broker-dealer partners and growing sales, revenue, and distribution efforts.

Prior to this appointment, Rentfrow worked as managing director and divisional director at BlackRock, where he led a team responsible for sales of all products within a multi-state region. A spokesperson from BlackRock was not immediately available to comment on whether Rentfrow's position has been filled.

Capstone, which currently manages $4.9 billion in assets, has a ways to go if it's going to grow by six times its current size. So what does the path to $30 billion look like?

"We will be laser-focused on very specific broker-dealers and specific advisers at those broker-dealers," Rentfrow tells MFWire.

The independent investment advisor specializes in socially responsible investments through SMAs and as the manager of the Steward Mutual Funds, a family of faith-based screened funds. Rentfrow has no immediate plans to launch new products or wrappers as part of the growth effort. However, if advisors need a certain investment solution or want to consume a product in a different wrapper, he's open to possibilities moving forward.

Overall, Rentfrow says he's excited to be part of the next chapter of Capstone and to bring the firm's niche strategies to the mainstream market.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q1
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

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use