43. Jon Lovelace Jr.
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Thursday, November 18, 2010

43. Jon Lovelace Jr.

Jon Lovelace Jr.
Capital Group
Lovelace may not be a household name, but it should be in the mutual fund industry. One could say that the son of Capital Group's founder has stepped into the background at the firm as he has passed the normal retirement age, but that would suggest that he at some point was in the foreground.

Center stage is not a place the Lovelaces nor their American Funds have ever sought. Instead, the family has been content to gives the funds up to a sound strategy and step aside to let others gain the limelight. The same principle applies to the funds, which have innovative distribution and portfolio management structures but are designed to never steal the show from the advisor who recommends them to clients.

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