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

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

Rating:A Midwestern Advisory Firm Enters the Retail Fund Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 26, 2017

A Midwestern Advisory Firm Enters the Retail Fund Biz

News summary by MFWire's editors

Lincolnshire, IL-based advisory shop Hedeker Wealth has just entered the retail mutual fund space with the launch of the Hedeker Strategic Appreciation Fund.

Dean R. Hedeker
Hedeker Wealth
As his first distribution push for the new fund, Mike McClain, portfolio manager at Hedeker is targeting the RIA space. The fund is currently available on the TD Ameritrade and Pershing platforms, and he's looking to get it approved with Schwab as well. Then, he plans to push it out to consultants and other RIA firms that may want to run it in an SMA account.

The fund launched with an institutional share class and a $1,000 investment minimum. So far, it has raised $50 million in assets. Ultimus will serve as series trust provider.

Hedeker is an advisory firm that previously outsourced its asset management arm. In March 2016, Dean Hedeker, owner and principal of the firm, brought McClain on board to bring the business in house and build it out.

The fund, which launched in December of last year, invests in convertible bonds, a market that's historically only been available to institutional investors, explains McClain.

"This as a strategy and asset class has been reserved for the top 1 percent of the market ... We bottled up that strategy that's only been reserved for the large portfolios," McClain tells MFWire

Edited by: Katy Golvala

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

 Do You Recommend This Story?

Return to Top
 News Archives
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

©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