SOURCE: PPB Advisors, LLC

PPB Advisors, LLC

August 31, 2009 15:17 ET

PPB Advisors Appoints Two New Partners

William Simon and Raleigh Peters, Formerly With American Funds Distributors, Join Firm to Develop Mid Atlantic Region

CONSHOHOCKEN, PA--(Marketwire - August 31, 2009) - PPB Advisors, LLC (PPB), a provider of alternative investment solutions for advisors and institutions, announced today that it has appointed William P. Simon, Jr. (Bill) and Raleigh G. Peters as Partners of the firm. Bill and Raleigh will be responsible for business development and advisor support in the Mid Atlantic, a region with a significant concentration of existing and prospective clients for PPB. Both will also join the firm's Internal Review Committee, contributing to the process of evaluating, selecting and overseeing the alternative investment managers within the firm's product lineup.

"I am truly delighted to appoint Bill and Raleigh as Partners of PPB. Their tremendous industry experience, insight and credibility in the investment management marketplace make them valuable additions to our firm," said Brendan Lake, President and CEO of PPB Advisors, LLC. He continued, "At PPB, we place a great deal of emphasis on understanding the needs of wealth advisors and the challenges they face in today's business environment. More than being solely a product provider, our goal is to partner with our clients to offer guidance and solutions to those challenges. Bill and Raleigh will be instrumental to that effort."

Bill Simon joins PPB from American Funds Distributors where he spent 22 years in a variety of business development and senior leadership roles. Most recently, he served as National Sales Manager for the firm's Eastern US region. In that role he was responsible for strategic planning, developing key accounts relationships and managing a retail sales force. Prior to his time with American Funds Distributors, William worked with Van Kampen Merritt as well as Federated Investors.

Raleigh Peters also joins PPB from American Funds Distributors where he served as Mid Atlantic Division Manager. In that role, he was responsible for developing and executing annual business plans for the division, as well as managing a team of senior sales professionals. Prior to working with American Funds Distributors, Raleigh worked for Federated Investors for nearly 10 years, most recently as Vice President and Wholesaler covering the wirehouse and regional brokerage channel in various territories throughout the United States.

"Bill and Raleigh have both demonstrated a great deal of success in raising assets through distribution relationships," noted Charley Fry, Managing Partner and COO of PPB Advisors, LLC. "Their consultative method of developing strong relationships with wealth advisors aligns well with PPB's approach in the marketplace."

Bill Simon and Raleigh Peters will be based in PPB's headquarters in Conshohocken, Pennsylvania.

About PPB Advisors

PPB Advisors, LLC provides a full-scale solution for wealth advisors and institutions looking to diversify their assets through the use of alternative investments. In addition to a platform of high-quality alternative investment products, PPB provides advisors and institutions the operational infrastructure, sales tools and educational programs necessary to efficiently and effectively integrate alternatives into asset allocation.

PPB was founded by a team of professionals averaging more than 20 years of experience in the financial services industry. The firm is built on a strong foundation of experience, professionalism, entrepreneurial spirit and integrity -- principles PPB is committed to applying with every partnership. For more information, visit www.ppbadvisors.com.

Contact Information

  • Contact:
    Penny Battisto
    Managing Director, Corporate Operations
    Office: 610.567.3820
    E-Mail: Email Contact