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Sponsor Hires Industry Veteran as National Sales Manager for RIA Channel

Franklin Square Capital Partners (FSCP) recently announced that in an effort to boost its RIA penetration, has hired Neil D. Menard as Senior Vice President and National Sales Manager.

Menard, a graduate of Colby College, joins FSCP from Steben & Company, Inc. where he was a Senior VP of distribution for the managed futures fund shop for almost eight years. In addition, he also spent seven years as a managing director for SEI Investments.

“Neil brings over 24 years of broad investment management distribution expertise, having led sales efforts for both traditional and alternative asset managers,” said Lance Murphy, President of Franklin Square Capital Partners in a statement.

“He is especially well qualified to build out our presence and distribution in the RIA space,” added Murphy.

“With more than 46,000 advisors and $2.3 trillion in assets, the RIA marketplace is the fastest-growing advisor channel. It represents a significant growth opportunity for Franklin Square as RIAs are looking for viable alternatives to traditional income products,” commented Menard.

According to his LinkedIn profile, Menard joined FSCP in April of this year.

Franklin Square has been on a hiring spree in 2014. In a recent interview with The DI Wire, Michael Gerber, Managing Director of Franklin Square, shared that despite hiring almost 50 new staff during the first five months of the year, at the time, they were looking to fill 40 more openings.

To review potential openings at Franklin Square, click here.