PARSIPPANY, N.J., June 18, 2014 /PRNewswire/ -- Hennion & Walsh, a provider of investment services and an advocate for individual investors, announced today that it has hired two experienced external wholesalers on the West Coast for its proprietary SmartTrust® Unit Investment Trust (UIT) business, extending its coverage across the entire country.
The two hires, Scott Ferrette, formerly Regional Vice President of SC Distributors, and Michael Sullivan, formerly of North Peak Asset Management, will serve as regional vice presidents and report to national sales director Dave D'Arcangelo.
"Both Mr. Ferrette and Mr. Sullivan bring to Hennion & Walsh not only years of wholesaling experience, but also the deep roots and extensive contacts they have cultivated in California," said Kevin Mahn, President and Chief Investment Officer of Hennion & Walsh Asset Management. "It was critical for us to find professionals with that longstanding regional connection for our continually expanding platform of SmartTrust UITs."
Mr. Ferrette worked with SC Distributors since January 2011, most recently serving in the role of Regional Vice President covering the Northeast Region of the U.S. Prior to SC Distributors, he was a Senior Internal Wholesaler with Metropolitan Life Insurance Distribution Company.
Mr. Sullivan has been in the industry for 14 years, most recently serving as an external wholesaler covering the Western Region for North Peak Asset Management. Prior to North Peak, he was an external wholesaler for Atel Capital Group and Realty Income Corporation.
"With these new hires, we have expanded our number of employee wholesalers while still providing wholesaler coverage across the entire U.S., all to further our goal of helping advisors recommend appropriate investment strategies to their clients more efficiently," said Bill Walsh, President of Hennion & Walsh.
SmartTrust® is a family of UITs offering diversified income and total return opportunities through innovative investment strategies. SmartTrust® UIT assets grew by 148 percent between 2010 and 2013, while the number of Trusts outstanding grew by more than 329 percent over the same period.
For more information about SmartTrust® UIT products, please contact the firm's Internal Support Desk at 888-505-2872, or visit www.smarttrustuit.com.
About Hennion & Walsh Hennion & Walsh, a full service brokerage firm specializing in municipal bonds, was founded in 1990 by Richard Hennion and Bill Walsh. Their mission is to be the individual investor's fiercest and most passionate advocate. Investment guides, webinars, seminars and online content are just some of the ways they help investors become better informed and make better investment decisions. The firm has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime, serving over 15,000 clients with brokerage accounts and managed portfolios. They are committed to providing individual investors with the institutional-quality service and guidance they believe they are entitled to. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com.