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Rating:Advisor Tools and 401ks Are Next On This $4.5B Shop's Agenda Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 30, 2014

Advisor Tools and 401ks Are Next On This $4.5B Shop's Agenda

Reported by Neil Anderson, Managing Editor

Phil Callahan is amping up Oak Ridge Investments' distribution efforts on multiple fronts.

Phil Callahan joined the $4.5-billion-AUM, Chicago-based institutional asset manager in June reporting to Oak Ridge chairman Neil Cummins, as the Oak Ridge team is poised to buy back the minority stake in Oak Ridge owned by Pioneer Investments [profile]. Oak Ridge subadvises two mutual funds for Pioneer, yet Oak Ridge will be taking those funds over as advisor.

That deal is set to close next month, ending Oak Ridge's partnership with Pioneer, and Callahan's mandate is to build out Oak Ridge's independent distribution. Callahan is an alum of both DC I-O and recordkeeping sales, and 401(k) is a big piece of his strategy at Oak Ridge.

"We're now in business with all the major recordkeepers," Callahan tells MFWire, noting that Oak Ridge previously left DC I-O distribution efforts to the Pioneer team.

Callahan is also building out his sales force. And for advisors he plans to offer practice management tools for advisors, leveraging Oak Ridge's expertise in different investing areas, like healthcare and technology. He's considering both internal development and external partnership for putting the tools together. 

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