AUM Grows to $3 Billion
Philadelphia, PA, May 16, 2012 — Clark Capital Management Group, an independent, family- and employee-owned investment advisory firm that creates institutional-quality investment products designed to help financial advisors and RIAs grow their businesses and protect investor assets, is pleased to announce the appointment of Brendan Clark as President. Brendan Clark is taking on the responsibilities of President, formerly held by Clark Capital founder and Chief Executive Officer Harry Clark, who will remain Chairman and Chief Executive Officer.
At the same time, Clark Capital is announcing that its assets under management (AUM) have grown to $3 billion, triple the assets the firm managed three years ago.
In his new role, Brendan Clark will take a more prominent position in executing the overall strategy of the firm. He will continue to be responsible for Clark Capital’s entire business development initiatives as well as managing the firm’s service support teams and marketing functions. He previously served as the firm’s Executive Vice President of Business Development, a position he held since 2010, and played a key role in helping grow the firm’s assets to $3 billion. Brendan Clark continues to report to Harry Clark.
Brendan joined Clark Capital in 2001. He earned a B.S. in Economics from the University of Delaware and holds the Chartered Financial Analyst designation. In addition, he is a member of the CFA Institute and the CFA Society of Philadelphia.
“As an investment consultant and as head of business development, Brendan has been a strong force in the firm’s growth from $1 billion to $3 billion. As President, his goal will be to continue the 40% per annum growth achieved over the past three years “stated Harry Clark.
As Chairman and Chief Executive Officer, Harry Clark will continue to develop the overall vision of the firm. He established Clark Capital as an Independent Registered Investment Advisory Firm in 1986. Beginning his career in 1970 at Hornblower, Weeks, Hemphill, Noyes he later joined Blythe Eastman Dillon, Paine Webber and lastly Merrill Lynch. Mr. Clark earned a B.S. and M.S. from Villanova University and holds a Certified Financial Planner designation.
Brendan Clark stated, ”Clark Capital achieved impressive growth during the “Lost Decade” as our unique investment philosophy and process resonated with the financial advisor community and their clients. We have embraced several strategic avenues to support future growth. We expect to continue to exceed our targets on all fronts. I am honored to step into the role of President and I look forward to driving the next phase of success at Clark Capital.”
For more information about Clark Capital Management Group, please contact Kina Simeone Clark at 215-569-2224 or kina@ccmg.com.
About Clark Capital Management Group
Clark Capital Management Group is an independent, family- and employee-owned investment advisory firm with $3 billion in assets under management. The firm’s Navigator® Investment Solutions help Financial Advisors and RIAs grow their businesses and protect investor assets through meaningful diversification and institutional-quality management. Clark Capital is a partner to RIAs, financial advisors and investment consultants across the U.S. and provides separately managed accounts (SMAs), unified managed accounts (UMAs), mutual funds, exchange-traded fund (ETF) portfolios, Strategist, 401(k), and third party asset management services. Founded in 1986 by Chairman and CEO Harry J. Clark, Clark Capital is headquartered in Philadelphia.
