Tom joining the firm is a validation of our strategy and reflects the changes occurring within the investment advisory business
Kansas City, MO (PRWEB) May 25, 2010
The ETF Store, Inc. announced today that Thomas Telford has joined the firm as its chief investment officer, effective immediately.
Tom was previously a portfolio manager with American Century Investments for twelve years. He served as manager and co-manager on a number of equity mutual funds during his time there, including the New Opportunities and Technology Funds. Most recently Tom was the lead manager of the firm’s flagship Ultra Fund, for which he managed approximately $10 billion in assets.
Joe Massman, Founder of The ETF Store, commented on the hiring, “Tom is an outstanding and seasoned asset manager.” Massman continued, “Tom joining the firm is a validation of our strategy and reflects the changes occurring within the investment advisory business. Exchange traded funds have been called the next generation mutual fund and they have benefited investors tremendously. Now, with Tom’s experience having directly managed tens of billions of dollars, we can fully leverage the power of ETFs for our clients.”
Telford added, “I’m excited to join an innovative investment advisory firm like The ETF Store. Exchange traded funds have changed the way investors invest, and with The ETF Store I’ll have the opportunity to bring sophisticated investment strategies to retail investors.”
Separately, Telford and The ETF Store announced the formation of Impetus Capital Management, an asset management firm that will provide ETF asset management solutions to institutional, high net-worth and third party investment advisors.
About The ETF Store
The ETF Store is a Kansas City based fee-only independent investment advisor that uses exchange traded funds to provide disciplined, risk focused investment solutions. The firm’s proprietary investment strategies seek to be invested in the best performing asset classes and markets around the world. The strategies are implemented through a disciplined research process combined with a proprietary risk management system. By primarily investing in ETFs, the strategies are able to take advantage of the cost advantages and liquidity of ETFs to efficiently invest in a wide number of asset classes and financial markets.
For more information, visit http://www.etfstore.com.
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