The Success of Capital Group of Companies

Timothy Armour is the chairman and the chief executive officer of the Capital Group of Companies. Timothy is also an equity portfolio manager at the firm. The company is based in Los Angeles. Timothy Armour was appointed to succeed Jim Rothenberg as the chairman in July 2015. The board of directors held a vote to determine a replacement after the demise of Rothenberg. Timothy Armour said that he would work together with Phil Toledo who is the president of Capital Group and Rob Lovelace who is the president of Capital Research and Management to implement the strategies of the firm. Armour was one of the favorites for the job because of his commitment with the company ever since he started his career and more information click here.

 

Armour gave some advice to investors who were looking for the best performing active managers. He noted that active funds usually offer lower returns because of high management fees. He said that one should look for a fund that has a lower cost to maximize the return on investment. Armour also mentioned that one should search for active funds where the managers invest their money alongside investors. These funds performed better because the managers were involved and their money was on the line.

 

Samsung Asset Management and Capital Group entered into a partnership to develop products for the Korean market a few years ago. These products would include a retirement package and distribution channel support where Capital Group would provide training programs. Armour said that Korea was facing the challenge of addressing the needs of an aging population like many Asian countries.

 

Tim explained that the partnership with SAM would allow them to help these individuals to meet their objectives in the long term. Armour said that Capital Group would deliver on this just as they had been able to do in other countries including the US. Tim recognized Samsung Asset Management as a top management company and a reputable brand that was able to deliver to Korean investors. He finished by saying that the plan was to design on investment solutions for various needs including insurance, retirement, savings and learn more about Timothy.

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