NEW YORK--()--Direct Access Partners, LLC (Direct Access), a diversified institutional financial services firm, today announced the appointment of Michael Dolan to launch a new research initiative as part of its expansion across their multi-asset class execution offering.
“Mike has profound experience in this specialized field, and we look forward to working with him to build out the platform and deliver its potential.”
The Alternative Research Group (ARG) will focus on acquisitions, strategic partnerships, and exclusive relationships with highly differentiated and value-added research teams across various sectors and verticals. The goal is to provide institutional investors with actionable information and content from independent sources that add incremental value.
“With the Alternative Research Group we take another step in our strategy of actively pursuing relevant and complementary opportunities across brokerage and asset management business lines,” noted Ben Chinea, CEO and founder of Direct Access Partners. “Mike has profound experience in this specialized field, and we look forward to working with him to build out the platform and deliver its potential.”
The research teams selected by Direct Access will have extensive industry experience coupled with primary research methodologies and offer a unique value proposition to portfolio managers and analysts. The group will target a number of verticals including Technology, Healthcare, Retail, Industrials and Energy with the goal of expanding coverage to other sectors and industries based on client demand.
For research firms and analyst teams that pass the rigorous vetting process, ARG will provide dedicated outsourced sales, marketing and trading coverage on an exclusive basis. ARG’s research partners will benefit from working with a highly skilled and experienced sales and trading team possessing strong relationships with leading mutual funds, hedge funds and registered investment advisors.
“The product diversity and entrepreneurial culture of Direct Access really gives us the ability to offer a range of business building solutions to alternative research firms and high quality analysts looking to serve their clients in a more flexible and independent environment,” added Dolan.
The selection of analyst teams and research firms involves an intense screening process that includes interviews, comparisons, quantitative scoring, performance analysis and compliance checks. Final selection requires the approval of an internal research committee and an external panel of buy-side analysts and portfolio managers.
"We recognize that our requirements are not easy for most research firms to meet,” said Dolan. “However, at the end of the day, our goal is to provide best-in-class alternative research and the buy-side today has zero tolerance for second-rate products and services."
About Mike Dolan:
Mike Dolan brings more than 19 years of security industry experience to Direct Access. Recently Mike finished a 10-year run at Instinet Corp, where he helped create and launch the firm’s Independent Research department in 2000. He then went on to run Trading Sales and Research Sales in North America and most recently became Co-president of Corporate Access. Previously, Mike held senior sales positions and Goldman Sachs and Neuberger Berman.
About Direct Access:
Founded in 2002, Direct Access Partners, LLC is a diversified, institutional financial services enterprise.
Direct Access Partners, LLC offers multi-asset class trading capabilities in over 100+ developed and emerging markets to a range of buy-side clients including mutual funds, hedge funds and registered investment advisers. The firm provides a wide range of trading-related services including global introduced prime services, independent research and commission management. The Capital Alternatives Group offers hedge fund clients a unique integrated capital introduction and capital raising service offering.
Direct Access Partners, LLC received Minority Business Enterprise (MBE) status in 2007 and has been certified by numerous states, county and city pension plans and is an active member in numerous regional minority business councils.
Direct Access Partners, LLC has offices in New York, Boston, Miami, St. Louis and a presence on the NYSE floor.
Direct Access Partners, LLC is a member of NYSE Euronext, FINRA, MSRB, NFA and SIPC.
For more information about Direct Access Partners, LLC please refer to our website at www.daptrading.com.