Ex-Merrill Lynch executives Bob Andres, Ted Palatucci, and Fred Offenberg have teamed up to set up a new investment advisory firm that specializes in managing US fixed income portfolios for independent financial advisors, family offices and HNW investors.
Dubbed as Andres Capital Management, the firm delivers a broad range of asset allocation and portfolio management capabilities.
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The SEC registered investment advisor also provides a range of investment solutions and strategies including diversified portfolios of stocks and bonds and portfolios comprised of multiple asset classes.
The firm intends to offer its clients with a conservative, yet active and opportunistic investment experience, delivering focused, objective and timely investment solutions. Andres will serve as chief investment officer for Andres Capital Management.
Andres said: "We believe the next five years will prove difficult for investors, particularly with so few professional money managers having experience managing assets in an environment characterized by broad uncertainty, increasing geo-political risks and the potential for rising interest rates."
Andres previously served as national sales manager for municipal securities at Kidder Peabody and Merrill Lynch. He also co-founded Martindale Andres & Company and served as the chief investment strategist for Envestnet.
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By GlobalDataPalatucci has worked as managing director of Merrill Lynch’s municipal bond division and as a member of Merrill’s risk management committee.
Offenberg was previously a municipal bond trader at Merrill Lynch and then director of Merrill’s corporate bond trading division and senior trader. He also worked as head trader at Chase bank and also managed a start-up corporate trading and underwriting group for Chemical bank.
