An ETF Firm Embarks on a Wholesaler Search
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Friday, March 13, 2009

An ETF Firm Embarks on a Wholesaler Search

AdvisorShares Investments is looking for two wholesalers and a marketing professional, said Noah Hamman, founder and CEO of the Bethesda, Maryland-based firm majority owned by, in an interview.

On Thursday, AdvisorShares filed papers with the SEC to launch what would be its debut product, an actively managed ETF-of-ETFs sub-advised by HS Dent (see The MFWire, 03/12//09).

AdvisorShares was founded in late 2006 by Hamman, a Rydex Investments alumnus who earlier worked for FOLIOfn and Fidelity. Last November, online financial provider purchased a majority stake in the firm.

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