VTL ASSOCIATES, LLC is an independent firm
that provides institutional investment-consulting and investment-management
services. The firm’s investment team possesses over 50
years of combined experience advising institutional clients
as to their diverse and ever-changing investment needs.
With total assets under advisement of approximately $20 billion,
the firm’s clients include various public funds, corporate
pensions and operating funds, endowments and foundations, as
well as insurance companies.
Founder and CEO, Vincent T. Lowry, established the firm in 2004
with the primary goal of providing clients with a full range
of consulting services and investment management services. VTL‘s
mission is to provide institutional clients with value added
capital market advice.
Our services range from asset/liability driven portfolios, custom
index strategies and unique portfolio structures for states
and municipalities with multiple agency investment responsibilities.
Since VTL Associates provides unique and custom portfolio
strategies it has entered into multiple partnerships in order
to outsource several functions that require sophisticated
technical software, highly technically skilled individuals
and labor-intensive functions.
The firms selected by VTL to provide us with the ability
to execute our strategies include the following:
• Standard and Poor’s
• Mellon Back Office Asset Servicing
• Bank of New York Index Trading Team
• Pacer Financial
• Valley Forge Advisors
• Ryan Labs
• SEI Corporation
The financial relationship between us is as follows:
• Standard and Poor’s - Provides license to
use data and create a revenue weighted S&P 500 large
cap, S&P 400 mid cap and S&P 600 small cap.
• Standard and Poor’s - Acts as index calculation
agent and provides web connectivity to trading groups to
execute VTL’s revenue-weighted portfolios.
• Bank of New York/Mellon (Back Office) - VTL has
entered into a sub-advisory service agreement to execute
the revenue-weighted portfolios. The BONY Index Trading
Team interfaces directly with the S&P website and S&P
analysts in executing and maintaining the revenue-weighted
portfolios. Currently BONY handles all the revenue-weighted
portfolios over $50 million.
• Valley Forge Advisors – The principals of
Valley Forge Advisors maintain a financial interest in the
revenue-weighted methodology. They provide VTL with financial,
marketing and fund accounting support for the revenue-weighted
methodology. VTL and Valley Forge Advisors have jointly
developed a marketing program. The revenue-weighted strategy
has developed a brand name called The Revenue Weighted Index
Program.
The principals at VTL Associates have extensive experience
working with these partners for many years. VTL made the strategic
decision to outsource certain technical functions in order
to bring a combination of best in class technical support
and execution capabilities for our financial strategies and
to obtain financial support for marketing and continued research.
This outsourcing of services provides VTL employees the ability
to focus on custom index research, management of the Revenue
Weighted Index portfolios with S&P, and client problem
solving.
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