MALVERN, Pa., Aug. 22, 2012 /PRNewswire/ -- Palladiem LLC ("Palladiem"), an independent investment advisory firm that focuses on the development and execution of customized investment strategies and services for independent financial advisors, broker dealers and institutions, today announced that John A. Lake has been appointed national sales director for Palladiem.
"Having previously worked with John and seen the value of his contributions during our time together at Lockwood Advisors, I am very pleased to welcome him to the Palladiem team," said Donald G. Robinson, Palladiem's CEO and co-CIO. "As we enter our second year as an independent RIA firm, and as we continue to build our offerings in key product and service areas such as outsourced CIO, I believe John brings the right mix of experience and relationships to support and sustain our growth."
Prior to joining Palladiem, Mr. Lake served as regional director for Loring Ward Inc., and as assistant vice president and senior regional director for Lockwood Advisors, an affiliate of Pershing LLC, a BNY Mellon company. During his time at Lockwood, Mr. Lake was responsible for wholesaling discretionary unified managed account (UMA), mutual fund wrap, and separately managed account (SMA) products to independent advisor and RIA channels in 14 states. Earlier in his career, Mr. Lake held regional vice president positions at both Columbia Management, Inc. and American Express Financial Advisors (Ameriprise), and at the latter firm he served in a variety of other capacities in the brokerage, separately managed account, mutual fund and annuity areas.
"John brings almost 20 years of financial services industry experience, as well as a proven track record in helping advisors develop more efficient and successful wealth advisory practices," said Stephanie Mackara, Chief Marketing Officer at Palladiem. "We are all looking forward to working with John on the wide range of opportunities that Palladiem is now prepared to engage in the marketplace."
Mr. Lake began his financial services career as an advisor with Dain Bosworth Inc., and earned a Bachelor of Arts degree in Speech Communication from the University of St. Thomas in St. Paul, Minnesota.
For further information about Palladiem's complete suite of investment products, please visit the firm's website at www.palladiem.com.
About Palladiem, LLC
Founded in October of 2011, Palladiem, LLC is an SEC-registered, independent and employee-owned investment advisory firm that manages global, multi-asset class investment strategies, with an emphasis on alternative investments, delivered through one centralized unified managed account (UMA). Palladiem is led by a team of highly-qualified investment professionals, averaging over 25 years of industry experience working with a range of investors from high-net-worth individuals to large private and public pension plans. Palladiem is firmly committed, to deliver conflict-free advice and results through financial advisors and institutions. As of June 30, 2012, Palladiem had approximately $500 million in assets under management. Palladiem is based in Malvern, Pennsylvania.
SOURCE Palladiem LLC