Meeder Financial [see profile], the Dublin, Ohio-based firm that offers the Flex-funds, has expanded its sales force with two wholesaler hires. The company hired Kevin Stutz for the South Central region and Erik Pederson for the Western territory.

Both will pitch Meeder's mutual funds, separately managed accounts and retirement offerings to financial intermediaries.

In a press release on Wednesday, Stephen Holmes, senior vice president of sales and marketing, said the sales team expansion "is a key component of a distribution strategy which began in 2010."

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Company Press Release

Meeder Announces Wholesaling Staff Additions

DUBLIN, OH--(Jun 29, 2011) - Meeder Financial has hired Kevin Stutz and Erik Pedersen, CMFC as Regional Vice Presidents.

Mr. Stutz will represent Meeder's mutual fund allocation portfolios, the Flex-funds®, separately managed accounts as well as retirement plan solutions to financial intermediaries in the south central territory. He brings more than 20 years of financial services background to the position in various sales, management and financial planning capacities. Stutz is a graduate of the University of Texas Pan American, where he received a bachelor of business degree in business administration. He holds FINRA Series 7, 24, 26, 63 and 66 registrations and life insurance licenses.

Mr. Pedersen will represent Meeder in the western United States. He has more than 10 years of financial industry experience through wholesaling (both internal and external) and financial planning positions. Mr. Pedersen received a bachelor of science degree in Finance from Iowa State University and holds FINRA Series 6, 7, and 63 registrations and life insurance licenses.

"The expansion of Meeder's sales department is a key component of a distribution strategy which began in 2010. We anticipate the efforts of the external sales staff will have a measurable impact on Meeder's growth," said Stephen C. Holmes, Senior Vice President, Sales and Marketing for Meeder Financial.

Meeder Financial was established in 1974 and currently manages and advises over $5 billion in assets. Meeder is a pioneer in the strategy of Defensive Investing and holds one of the longest live track records for tactical asset allocation in the nation. Meeder offers mutual funds, managed accounts, separately managed accounts as well as retirement plan solutions. For more information on Meeder Financial or the Flex-funds® visit www.meederfinancial.com or call 866-633-3371.

 

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