Abel/Noser Grows Transition Management Business
Strengthens Sales Team with Transition Management Veteran
NEW YORK, March 14, 2012 /PRNewswire/ -- Abel/Noser, an independent agency-only brokerage offering best execution trading, today announced that revenues for their transition management business have grown over 400% since 2007, a record for the company. The momentum is due to growth in staffing, additional asset class coverage, new client onboarding and competitive dislocation in the space. To help sustain growth, Abel/Noser has appointed Bruce Feiner as senior vice president of the transition management sales team. Bruce will help clients with benchmarking and overall portfolio restructuring due to manager changes, timing, and risk restrictions.
"Transition management is an integral part of the investment process. There are numerous risks involved with transitions that could negatively impact performance. Therefore, it is essential to have a clear, risk-controlled process to minimize the costs of transitioning a portfolio," said Bruce Feiner, senior vice president of sales at Abel/Noser. "Any investor moving assets should consider engaging a partner to help maintain the integrity of their portfolio and avoid unnecessary risk in the transition process."
"We have helped clients manage their risk and investment performance for nearly 40 years. Bruce's extensive experience and knowledge in transition management and commission recapture helps us fulfill our commitment to clients who rely on us to improve overall trade performance," states William Conlin, president and CEO of Abel/Noser. "We expect a record number of transitions executed in 2012 as investors are looking to minimize costs and risks when changing managers."
Most recently, Bruce was a senior vice president at ConvergEx, and spent his career in transition management and commission recapture programs at BNY Mellon, Instinet, and Lynch Jones & Ryan. Bruce holds a bachelor's degree in Economics from Hofstra University. He was previously the Chairman and current member of the Florida Public Pension Trustees Association Advisory Board. Bruce is a U.S. Army veteran of the Vietnam War. Bruce will report to Peter Weiler, executive vice president of sales at Abel/Noser.
About Abel/Noser
Founded in 1975, Abel/Noser is an independent agency-only brokerage firm offering best execution trading with low commission rates. At every point in the trade lifecycle, Abel/Noser provides portfolio managers and traders actionable analysis to improve performance and preserve alpha. Its headquarters are in New York, and is a member of the NYSE, FINRA and SIPC. For more information, please visit http://www.abelnoser.com.
SOURCE Abel/Noser
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