Tactical Allocation Group opens new HQ in Birmingham

The Tactical Allocation Group is a rare breed in the U.S. economy these days -- an investment firm that is growing and stacking up 10-figures worth of assets.

The investment firm recently opened up a new headquarters in downtown Birmingham (between the Birmingham 8 Theater and the Briggs Building on South Old Woodward) to accommodate its growth. The company recently hired four people, expanding its staff to 14 and a couple of independent contractors.

"We've grown huge," says Jim Peters, CEO of Tactical Allocation Group.

Peters and his partner worked for several years together at another investment firm before starting their own in 2004. Their firm focuses on a Tactical Asset Allocation strategy that Peters and his partner fine tuned and commercialized.

"We concluded that investors would want this style of investment," Peters says.

It has put them on a fast-track for growth, allowing the firm to cross the $1 billion in assets mark this year. It expects to do that again as it doubles in size and adds another 2-3 hires in 2010, making for more employees in an already vibrant downtown Birmingham.

"I like an urban environment, as does my partner," Peters says. We thought our presence here would help our visibility. It's also an area that is desirable to employees."

Source: Jim Peters, CEO of Tactical Allocation Group
Writer: Jon Zemke

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Tactical Allocation Group opens new HQ in Birmingham

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