Horizon Investments, LLC (Horizon), a registered investment advisor with $7 billion in assets under advisement, announced that Altamont Capital Partners has successfully completed its strategic investment in the firm, providing Horizon with key resources that will allow Horizon to further cement its position as a leader in goals-based investment solutions.
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“We’re very pleased to have made this investment in Horizon”
John Drahzal, formerly President of Horizon, has been elevated to the role of Chief Executive Officer on the closing of this transaction. The core of Horizon’s long-tenured executive leadership team remains in place, including Chief Investment Officer Scott Ladner, General Counsel and Chief Compliance Officer Matt Chambers, and Chief Financial Officer Stephen Terry. Horizon founder and CEO Robbie Cannon is shifting to the role of Strategic Advisor, in which he will continue to play an active role in the direction of the firm.
“This is an exciting day for Horizon as we close on this investment and look to the future,” said Drahzal. “The strategic insights and capital provided by the Altamont team could not be more complementary to our deep subject matter expertise, technical capabilities and industry knowledge. This is a tremendous match – one that will allow us to build on the success we have already achieved as we take our efforts to the next level.”
Dave Odenath, Operating Partner at Altamont, joins the Horizon Investments board of directors and also assumes the role of Executive Chairman. “Having worked closely with John and the Horizon leadership team over the past several months as we completed this transaction, I have been able to see firsthand the creativity and passion they bring to their work. Their efforts will form the core of a strategy that will leverage new distribution approaches to bring Horizon’s goals-based investment framework to a much larger marketplace.”
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“We’re very pleased to have made this investment in Horizon,” added Keoni Schwartz, Managing Director with Altamont. “But this is just the beginning of a larger, multi-step investment and distribution-driven plan that will accelerate the expansion of Horizon’s reach and the advisor community’s understanding and usage of goals-based approaches to help their clients meet their needs at all phases of their saving and retirement journey.”
“Horizon’s groundbreaking approach to goals-based investing and strong management are just a few of the reasons why we’re pleased to grow this partnership,” said Sam Gaynor, Managing Director with Altamont. “I am excited for the company’s experienced, industry-leading team to continue building upon the success they’ve already seen. We are actively looking at additional acquisitions to the platform to further expand Horizon’s capabilities and offerings.”
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