Watch out! S2K Financial
founder Steven Kantor
has just added four veteran hires to his sales team as part of his efforts to uproot traditional models of retail alternatives distribution in the broker-dealer and RIA space.
The hires include:
Brendan McLaughlin : Former regional VP for LightStone Capital Markets.
Kurt Gunderson : Former VP of several financial groups including REIT sales at LightStone
Michael Roman : Former executive VP of at MCI Megatel Capital Markets
Felix Vera : Former member on the sales and management teams of LightStone and Morgan Stanley Wealth Management
These four hires follow the addition of David Fred
, the former head of product due diligence a Cetera Financial Group, who was also hired by S2K Financial last month.
According to Steven Kantor, who was also the former global head of Credit Suisse Capital Markets, "We’re delighted to welcome Brendan, Kurt, Felix and Mike as we transform the financial products space, starting with retail alternatives". According to Matthew Griffes
, a spokesman for S2K, current modes of distribution "have failed the industry with sub-standard strategies and products, as well as poorly structured compensation and profit distribution models." The goal of S2K Financial and its four new hires is to fix this through a "Product Agnostic" approach that tries to separate distribution from product manufacturing whenever possible so they can keep organized and actively attract more institutional product sponsors within the retail space which in turn creates higher quality strategies, solutions, and track records for the investor community.
In addition, the roles of these four hires are to strengthen S2K Financial's commitment to more efficiently wholesale across product lines by creating a fully supportive experience for IBDs, RIAs, and their financial advisors. Kantor also says that the hires will serve as "primary agents in attracting and distributing a new generation of higher quality investment solutions" that will place retail investors interests at the forefront.
Kantor states that, "Regulatory changes combined with heightened expectations among retail investors are driving increased demand from broker-dealers, RIA firms and their financial advisors for product-agnostic wholesaling services that encompass comprehensive support at each stage of the distribution process. The addition of these new team members strengthens our firm's ability to serve as the primary change agent in attracting and distributing a new generation of higher quality investment solutions that place the retail investor's best interests first and foremost."
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