Tactical Allocation Group Hires Sales Director
BIRMINGHAM, MI, July 9, 2012 -- Tactical Allocation Group, LLC (TAG), a registered investment adviser with more than $1.5 billion in assets, has continued its growth with the appointment of Paul C. Wharf as Regional Managing Director and the opening of its new Chicago office.
TAG has one of the longest track records in global tactical asset allocation and champions this approach through the exclusive use of ETFs. The company has been a trailblazer in this fast-growing industry from its Michigan headquarters, far away from Wall Street. Chief Executive Officer James F. Peters, Jr. explains, "We're proud of our Midwest roots and actually, it helps our investment process, as we stay far away from the groupthink of Wall Street and stick to our knitting with thorough, unbiased analysis of the market." Major investment firms have noticed this Midwest firm, as Charles Schwab, Envestnet, LPL, Merrill Lynch, Morgan Stanley, RBC, UBS and Wells Fargo have opened their distribution channels to TAG's asset management portfolios.
"Investors are looking for a different solution that offers transparency, cost controls and overall performance," states Mr. Peters. "We are excited to have Paul Wharf join TAG and have enjoyed working with him for the last couple of years while he was at RBS/Citizens. We witnessed his extraordinary commitment and understanding of the benefits of our tactical investment strategy."
TAG's new Chicago office will provide a base from which it can continue to build the sales part of its organization. "We look forward to working more closely with our distribution partners given the investment in our sales organization," asserts Chief Development Officer Gene Katz. "It's exciting that TAG operates at the crossroads of our industry's two great growth stories: tactical asset management and ETFs."
As Regional Managing Director, Wharf will manage business development in the east region, which includes approximately half of TAG's current portfolio assets. He will also work to develop new business relationships for TAG on a national level.
Wharf has over 22 years of financial services industry experience. His career has spanned institutions such as RBS/Citizens, AllianceBernstein and Fidelity Investments, during which he raised over $12 billion and achieved top producer and Chairman's awards. At RBS/Citizens, Wharf managed their fee based platform where he helped increase assets from $300 million to over $1.6 billion within 2 years.
About Tactical Allocation Group
Tactical Allocation Group, LLC (TAG) is an industry leading registered investment adviser with more than $1.5 billion in assets in tactically-managed, globally-diversified ETF portfolios. TAG serves clients in both direct and sub-advisory relationships.
A pioneer in the use of exchange-traded funds (ETFs), TAG delivers portfolios built exclusively with asset class specific ETFs to capture the purest, lowest cost exposure to the investment themes developed by the investment committee.
TAG's investment process was first established in 1988 and the firm now offers investment management services to registered investment advisors, broker/dealers, trusts, institutions and others looking to outsource investment management.
TAG is headquartered at 139 S. Old Woodward Avenue in downtown Birmingham, Michigan with a satellite office at 200 South Wacker Drive, 31st Floor, Chicago, Illinois 60606. For more information on TAG, visit www.tagllc.net or call 248-283-2520.
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