The
Grayson will be responsible for national and regional distribution through brokerage firms, independent financial advisors, and RIAs, according to ARK Funds. Previously, the firm had no national sales manager as the funds were sold primarily through
Following the ARK Funds merger with the Govett Funds in Oct. 2000, the firm took on more than 350 broker/dealer selling agreements with outside brokers and now has more than 400 agreements in total, according Dalton.
The firm is now aggressively seeking to increase its business through the broker/dealer distribution channel and is preparing to launch a national sales effort, which Grayson will lead, Dalton said. The firm will is planning to build a staff under Grayson to facilitate that effort.
The 29 ARK funds had approximately $7.6 billion in assets under management as of Dec. 12.