The Advisor Solutions Group at Neuberger Berman LLC has added 11 senior regional directors in 10 new regions as it seeks to grow its mutual funds business among wirehouses and regional broker dealers.
The Advisor Solutions Group, which serves wirehouses and regional broker dealers, has grown to be a team of 35 executives today, up from 15 in 2008, according to the firm. In the wirehouse channel, the firm has added seven new regions and seven new people in those areas. The new regions include Pacific Northwest, Northern Los Angeles, and Michigan/Indiana in the Western division, and Southeast Florida and Puerto Rico, the Carolinas, and Upstate New York in the Eastern division.
In the broker dealer channel, the firm has added three new regions and four new executives covering those territories. The new regions include: The Four Corners (Arizona, Colorado, Montana, North Dakota, New Mexico, South Dakota, Utah, and Wyoming), The Heartland (Iowa, Kansas, Minnesota, Missouri and Nebraska) and the Mid East (Michigan and Ohio).
The six new wirehouse wholesaler hires include Jire Baran, vice president, Los Angeles, Calif. (formerly of Fred Alger & Co, Inc.); Jonathan Jurus, vice president, Michigan/Indiana (formerly of John Hancock); Steven Flewelling, vice president, Pacific Northwest (formerly of Pioneer Investments); Patrick Evans, vice president, South Texas (formerly of Cohen & Steers); Stephen Joslin, vice president, Southeast Florida (formerly of Cohen & Steers); Gregory Sieghardt, senior vice president, New York, (formerly of Morgan Stanley Smith Barney) and Daniel King, regional director, Carolinas (Neuberger Berman).
On the broker/dealer front, the firm has also hired Jeffrey Denny, vice president, Carolinas (formerly of Behringer Harvard Funds); Greg Jackson, vice president, Heartland (formerly of Palmetto Advisory Group); Mariel Friedman, regional director, Mid East (Neuberger Berman); and Tim Laughlin, vice president, Four Corners, formerly of John Hancock).
“After a record sales year in 2011, Neuberger Berman seeks to bring the strong performance of the firm’s equity and fixed income investment strategies to a wider audience and has recruited talented sales pros in major money centers around the country,” stated Jason Ainsworth, managing director and head of the Advisor Solutions Group.
Neuberger Berman currently manages $27 billion in mutual fund assets and $193 billion total AUM.