EXTON, Pa., July 24, 2014 /PRNewswire/ -- This month, Financial Advisor magazine listed Warren Financial Service as one of the nation's Top 50 fastest growing RIA firms (Registered Investment Advisory). It is the first time that the firm has been ranked among the top 50 fastest growers. Warren Financial has been ranked among the 500 largest RIA firms in America for the past few years.
"Our growth is attributed to our very loyal investment team and our customer base which is growing steadily each year," said Randy Warren, chief investment officer.
In the last two years, Warren Financial has gained national press attention for its downside protection investment strategy called the Big Dividend Hedge Fund.
According to Warren's investment management team, as the market has hit record highs there have been significant pullbacks in the past few years whereby Warren Financial clients didn't get impacted too much. Starting each successive market upturn with a larger capital base (by not losing in the downturns) allows the clients to grow more quickly.
The Philadelphia-area firm believes that their next growth opportunity will be with family offices and midsized pension funds.
"Being negatively correlated to the stock market in 2013 proved to be a recipe for disaster for pension funds. The big money wanted negative correlation when the stock market wasn't healthy in 2008 and 2009, but the big funds couldn't put on a hedge that made economic sense. So, when a good year finally came in 2013 the upside was very limited," said Mr. Warren. "We have developed a cost-effective, fully quantitative hedge strategy for this very reason."
Phil Nourie at 212-922-1226 / [email protected]
SOURCE Warren Financial Service