, CEO of Minnesota-based LoCorr Funds
, is continuing the expansion
of the firm’s distribution team over the next six to nine months.
| John Jul|
Western Divisional Sales Director
Late last year, the rapidly growing fund firm began acting on its plans to expand its distribution team from 15 to 30 external wholesalers and 9 to 15 internal wholesalers. So far this year the firm has added six people to the distribution team in the northeast, mid-atlantic, midwest, and west coast regions. The external team now stand at 21 and the internal team now stands at 12.
"We’re looking to better serve our clients that we work with and help advisors continue to build better client portfolios using low correlating strategies," Ruxandra Risko
, senior vice president of national accounts, tells MFWire
In January, John Jul
was promoted from regional vice president to western divisional sales director, so the firm now has two divisional managers— Jul is the new western director and Kris Jaenicke
is the firm's eastern director. There are plans to add a third divisional sales director or a national sales manager once the expansion of the distribution team is complete.
LoCorr also has plans to expand their research team by hiring a new analyst within the next thirty days.
“We want to expand our research team to make sure we keep close on the integrity of our products,” Risko says.
LoCorr was ranked the fifth fastest growing fund manager by Strategic Insight in September 2016. The firm uses low-correlating investment strategies and currently has around $2.2 billion in AUM, six funds, and 47 employees.
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