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Thursday, June 25, 2009

FRC's New Chief Speaks of His Plan

Reported by Meredith Mazzilli

The MFWire caught up with Financial Research Corporationís soon-to-be CEO Bruce Fador, who is set to take the helm of the Boston-based fund research and consulting firm next month. The MFWire reported on Fador's appointment last Wednesday.

Bruce Fador
Incoming CEO
Fador told The MFWire that he looks forward to starting consumer-focused initiatives and services that seek to offer advisors insight into client behavior and investment habits in light of new regulatory changes.

Fador finished up at Decision Resources Financial last Friday and is slated to start at FRC after the Fourth of July weekend. He will take over from Mercatus Partners' Robert Hedges Jr. and Teresa Epperson, who have served as interim chiefs at FRC since Mercatus acquired the firm from Citi last November.

At Decision Resources, where he spent a little over a year, Fador focused on taking healthcare research and information data to the financial channel. The bulk of his mutual fund experience, however, comes from his tenure as CEO of Weiss Ratings, where he developed quantitative research models that provided ratings for mutual funds, stocks, insurance companies and banks. Weiss Ratings was sold to TheStreet.com in August of 2006, and Fador stayed on with TheStreet.com for two years until moving to DRF. Earlier, he ran Thomson First Call from 1992 to 1998.

Fador said he looks forward to expanding FRC's footprint in the advisor space. 

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