Unified Fund Services Ex-Chief Takes a Top Fund Firm Spot
Reported by Neil Anderson, Managing Editor
Tony Ghoston just landed in a new leadership after leaving the top job at Unified Fund Services. Today Dividend Growth Advisors confirmed that Ghoston joined up as chief operating officer and chief compliance officer.
Brian Blomquist took over UFS as president in February, thanks to Ghoston's departure.
Ridgeland, South Carolina-based Dividend is an RIA with $530 million in assets under management. The firm manages the Rising Divided Growth Fund.
Troy Shaver, and president and CEO of DGA, praised Ghoston's "deep industry experience with managing compliance, risk management, operations and client relationships."
Company Press Release
Ridgeland, South Carolina, 26 April, 2010 – Dividend Growth Advisors, LLC announced today that Anthony Ghoston has joined the firm as Chief Operating Officer and Chief Compliance Officer. “Tony’s deep industry experience with managing compliance, risk management, operations and client relationships are invaluable assets to the firm and the clients we serve. We look forward to working with him as a key member of our team,” said Troy Shaver, President and Chief Executive Officer, Dividend Growth Advisors, LLC.
Mr. Ghoston joins Dividend Growth Advisors from Unified Fund Services, where as President, he was responsible for all aspects of the business which provided administration services to many registered investment advisors that collectively managed billions of dollars in assets. Ghoston's success has been centered on his strong business philosophy towards building deep client relationships, being the best at service, having a strong compliance culture and building operational efficiencies.
“When running a mutual fund administrator, understanding the business needs of the RIA and providing solutions that truly solve problems can be a key element towards building client loyalty and retention. During my career, I have worked with the management teams of several investment firms. In my view, the DGA team is among the very best.” says Ghoston.
“I believe DGA sets itself apart from other firms because it has a culture that is focused on making sure that all clients know and understand how their money is being managed. They do so through a disciplined and straightforward process they call their 10/10 Test.[1] In my view, they put everything on the table and there are no surprises. I am very excited to join this team.”
About Dividend Growth Advisors
Dividend Growth Advisors, LLC is a privately held money management firm located in coastal South Carolina. Founded in 2003, Dividend Growth Advisors has over $530 million under management. The firm offers private portfolio, institutional account management and investment advisory services and is the manager of The Rising Dividend Growth Fund (ICRDX) which carries an overall 5-star Morningstar Rating ™ as of March 31, 2010 out of 1,785 Large Blend Funds and for its 3-year and 5-year periods, out of 1,785 and 1,402 Large Blend Funds, respectively.
More information about Dividend Growth Advisors and The Rising Dividend Growth Fund is available by visiting www.dividendgrowthadvisors.com, by phone at (866) 348-4769, or by contacting Troy Shaver, President and Chief Executive Officer at tshaver@dividendgrowthadvisors.com or Fred Gaskin, Managing Director at fgaskin@dividendgrowthadvisors.com.
Morningstar Rating™ as of March 31, 2010. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause variations in distribution percentages. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. The Rising Dividend Growth Fund has 5 star ratings overall and for both the 3- and 5- year periods out of 1785, 1785 and 1402 Large Blend Funds, respectively.
There are no guarantees that dividend paying stocks will continue to pay dividends. In addition, dividend paying stocks may not experience the same capital appreciation potential as non-dividend paying stocks.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the fund’s prospectus by calling 1-888-826-2520 or at www.dividendgrowthadvisors.com. Past performance is no guarantee of future results. Investment return and principal value of an investment in the fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. www.finra.org
[1] DGA invests in companies that consistently pay dividends at an increasing rate that averages at least 10% per year and pay those dividends for a minimum of 10 consecutive years.
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