The Mutual Fund Store
is continuing to expand by opening new offices. The fee-based advisory firm opened its 42nd location this month when it cut the ribbon on an office in Clifton Park, New York. That office will serve the Albany, New York area and is managed by Scott Woodruff
, managing partner and senior investment advisor.
The ten-year-old company is also planning to open another five locations in the near future. The offices will be in Syracuse in upstate New York; Detroit; Houston; Greensboro, North Carolina; and Knoxville, Tennessee.
Though the firm has mutual funds in its name, it is a distributor and not a product maker. It advises clients using a fee-based business model and exclusively uses mutual funds to build client portfolios. It now claims to advise clients with more than $2 billion for both individuals and company pension plans. The firm also advises businesses offering employee retirement plans.
The firm was founded by Alan Bold, a former stock broker who has built the firm's brand through a weekly radio program played on Saturday afternoons in many media markets.
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