NEW YORK--(BUSINESS WIRE)--Toews Asset Management, a $2.2 billion investment advisor specializing in risk-managed strategies that seek to move defensive during market declines, announces the hiring of Patrick Sullivan as Managing Director of National Accounts. Sullivan joined the team in May and brings over 25 years of experience.
In his new role, Sullivan will oversee the firm’s existing national accounts distribution relationships, help to develop and execute the firm’s growing intermediary distribution strategy, and further Toews’ mission to deliver comprehensive, risk-averse strategies for investors and advisors faced with volatile market conditions.
“I’m excited to be joining the team at Toews Asset Management,” says Sullivan. “Toews has long delivered risk managed solutions to financial advisors and their clients. I look forward to leading the effort in spearheading Toews’ key account distribution strategy in the financial intermediary market.”
Sullivan has held a variety of leadership roles throughout his nearly three-decade career in financial services. Most recently, he managed key distribution relationships in the wirehouse, bank, independent broker-dealer, and investment platform channels for PGIM Investments.
Sullivan also served for more than 20 years as a commissioned officer in the active and reserve forces of the United States Marine Corps. He earned an MBA in Finance from Cornell University in Ithaca, New York, and a B.A. in Economics from Hobart College in Geneva, New York. Sullivan currently holds Series 7, Series 63 and Series 65 licenses.
“We’re incredibly excited to welcome Patrick to the Toews team,” says Phillip Toews, CEO of Toews Asset Management. “His institutional experience has prepared him well for this role and he will be vital to growing our distribution networks coast to coast. We continue to see high interest in our strategies, as advisors seek risk-managed solutions amid the increased volatility caused by inflation, geopolitical tensions and other market headwinds.”
About Toews Asset Management
Toews Asset Management is an SEC-registered investment advisor founded in 1994 with $1.2 billion AUM and 1 billion AUA. Most investors hope to avoid losses and realize growth. Toews builds portfolios that primarily seek to reduce risk of loss in crisis environments, as well as attempt to participate in market gains. Our process is not based on subjective or predictive methodology. It has used a heavily researched and price-reactive algorithm since 1996 that provides a signal for investment exit and re-entry points.
For more information, visit www.toewscorp.com.
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