Verity Adds Five New 403(b)-Focused Advisers

Verity Asset Management added five new investment adviser representatives as part of its expansion of advisory services in the 403(b) marketplace, the company said.

The company added four advisers in North Carolina and one in New York. In North Carolina, Doug Lester, Jason Luna, and Peter Hynes are based in the Durham area, and John France will be working with the Wilmington office. In New York, Mike Timofeeff brings a new presence for Verity in the educational systems market in that state, the company said.

“The 403(b) market segment is very dynamic right now, and it’s a great place for an advisory firm with a strong track record and a demonstrated ability to deliver value to individual investors and plan sponsors,” said Amy Simonson, vice president of finance and operations at Verity. “This market segment has been our niche for over 13 years, and current trends are allowing us to capitalize on that specialty.”

Verity currently has advisers in North Carolina, New York, and Pennsylvania, and said it is looking to continue expansion across the region.