Bluerock, an alternative investment and asset management firm, has appointed David Fred to serve as senior vice president of due diligence for the company’s suite of private and public investment products.
The company noted that Fred joins during a period of “significant growth” in sales as well as selling group expansion and increasing product acceptance. In his new role, he will serve as lead due diligence contact for Bluerock’s selling group and for the growing cohort of entities performing due diligence on Bluerock’s product suite as a solution for their platforms.
Fred will play a key role in Bluerock’s ongoing industry and product-level education forums, working closely with independent broker-dealers, regional member firms, wirehouses, financial advisors, and registered investment advisors.
“David joins Bluerock with an understanding of the vital need for substantive connectivity between the sponsor and broker-dealers and RIAs,” said Jeffrey Schwaber, Bluerock Capital Markets CEO. “He’s highly respected throughout the industry for his in-depth approach to research, due diligence and partnership focus. As head of due diligence, David will be a tremendous asset for the Bluerock selling group at this exciting phase of our growth.”
Before joining Bluerock, Fred was a key member of the senior leadership team at Cetera Financial Group and its predecessor firms, ING Advisors Network and Financial Network Investment Corporation. He was also head of due diligence for the Cetera network for more than 17 years, where he was responsible for operational due diligence on all products distributed by the Cetera broker-dealers and RIAs.
Fred brings nearly 30 years of experience in investment research and asset allocation, as well as an understanding of the due diligence processes specific to a wide array of structures in the alternative investment space.
“David’s diverse subject matter expertise across a spectrum of investment products, as well as his understanding of internal operations and the challenges of the independent advice channel will be a valuable asset not only to Bluerock, but to our selling group partners,” added Schwaber. “The timing of David’s appointment could not be better as we expand into additional distribution channels and investment structures.”
Bluerock is an active sponsor of alternative investment programs with more than $4.5 billion of assets under management. The company headquartered in Manhattan with regional offices across the U.S.