Investors want transparency and openness and we believe that disclosure, while important, is only half the equation---we decided to bring in outside, independent directors as well. - William Militello
Leesburg, VA (PRWEB) August 27, 2012
Piedmont Investment Advisors, LLC (http://www.piedmontRIA.com), through its affiliate Militello Capital has formed an independent Investment Committee to oversee its Venture Capital Fund.
The new committee consists of eight members with six of the eight being outside directors. Piedmont continues to distinguish itself as the area’s premier wealth manager and demonstrate its independence by establishing an independent investment committee.
Piedmont leverages the collective experience of the seasoned business executives who form the committee. The outside directors of the investment committee are accomplished business owners and entrepreneurs. Founder, William Militello said, “I can think of no one better to evaluate and coach a start-up CEO than a team of accomplished entrepreneurs who have successfully begun and exited businesses themselves.”
Piedmont is again raising the bar for all financial services organizations by its action. Militello adds, “I believe it is the responsibility of every financial advisor to help raise the confidence of the individual investor. Investors want transparency and openness and we believe that disclosure, while important, is only half the equation---we decided to bring in outside, independent directors as well.”
William Militello, Piedmont’s Founder and Matthew Brady, a Managing Director at Piedmont round out the newly formed investment committee. The other directors consist of David Walker, Ken Tighe, Alan Smith, Navneet Gosal, Satinder Gil and Stephen Coakley.
“The independent directors of the investment committee bring to Piedmont and its clients a wealth of experience,” says Brady. He continues, “We are pleased to have assembled a team whose talent and experience spans the entire business life cycle: from angel and venture investing, to navigating a successful exit via strategic acquisition or IPO.”
Piedmont Investment Advisors, LLC
Piedmont Investment Advisors, LLC, located in Lansdowne (Leesburg) Virginia, is a registered investment adviser under the Investment Advisers Act of 1940. When Bill Militello, a graduate of the U.S. Naval Academy, founded Piedmont Investment Advisors in 2003, he set out to create not just another financial advisor or boutique investment firm, but rather to create a new “category” in financial services.
His view is that the delivery of investment advice by financial advisors was ripe for innovation, and it has been Militello’s vision to challenge the conventional model. He believes that asset allocation should not be constrained to just the public financial markets. To execute this philosophy, Piedmont Investment Advisors has developed a revolutionary investment model that is composed of three interdependent concepts: Liquidity, Wealth Creation, and Wealth Preservation.
Visit http://www.piedmontRIA.com/ to learn more
The information contained herein should not be construed as personalized investment advice. Investing in venture capital companies involves some degree of risk and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security.