SmartTrust® Hires Ionescu, Promotes McLoughlin, Launches New Small Cap Strategy
PARSIPPANY, NJ, September 16, 2021 / PRNewswire / – Hennion & Walsh recently hired Bob Ionescu as regional vice president for its proprietary business SmartTrust® Unit Investment Trust (UIT), promoted John McLoughlin to the Divisional Vice President and launched a new Small Cap Opportunities Trust strategy.
Bob Ionescu joined as regional vice president and external wholesaler for SmartTrust®, covering certain areas defined in the states of Colorado, Ohio, Wyoming, Montana, West Virginia, Kentucky, Alabama, Tennessee, and Virginia. Prior to Hennion & Walsh, Mr. Ionescu was Director at Merrill Lynch and held positions as Capital Markets Sales Specialist, National Sales Director for ITUs and CEFs, and Director and Head of the Portfolio Solutions Office. “Bob is a seasoned veteran with an intimate knowledge of the UIT product and is a great addition to our experienced sales team at SmartTrust®,” said Matt Wolcott, Chief Executive Officer.
Besides, John McLoughlin was promoted from regional vice-president to divisional vice-president. Mr. McLoughlin has been an outside wholesaler for SmartTrust® since 2013 and covers certain areas defined in the states of New Jersey, Pennsylvania, and Maryland. “John is the accomplished professional and well deserves this promotion and the added responsibilities that come with the new role,” said Dave D’Arcangelo, National Sales Manager.
Finally, the Small-Cap Opportunities Trust is a 2-year ITU that seeks total return potential through capital appreciation and dividend income, by investing in a portfolio of equity securities of US small-cap companies and common shares of exchange-traded funds (ETFs) that invest primarily in US small-cap companies. The Trust’s portfolio is divided into three categories, each targeting certain exposure objectives to the universe of US small cap stocks. The exposure target categories and approximate allowances at the time of each series filing include 25% beta, 25% factor, and 50% alpha. Series 1 of the new strategy filed earlier this year on May 13, 2021.
“Our Small-Cap Opportunities Trust is another example of how we continue to meet the needs of investment professionals across the country with timely and effective ITU strategies,” said Kevin mahn, Director of Investments. “We believe our innovative portfolio selection process for this new ITU strategy enables a distinctive and comprehensive way to invest in the small-cap equity asset class,” added Mahn.
SmartTrust® UITs, sponsored by Hennion & Walsh, offer diversified income and total return opportunities through innovative investment strategies. Based just outside of New York City, in Parsippany, New Jersey, Hennion & Walsh filed its first SmartTrust® ITU in 2003 and currently has 25 different ITU strategies available for purchase in the primary market. For more information on Hennion & Walsh SmartTrust® ITU products, please contact the company’s internal help desk at (888) 505-2872, or visit www.smarttrustuit.com. Hennion & Walsh is a member of FINRA and SIPC. Additional information on Hennion & Walsh is available at www.hennionandwalsh.com.
SOURCE SmartTrust ITU