Tactical Allocation Group to add 3 jobs, reaches $1.4 billion under management and advisement

There are a lot of fours in Tactical Allocation Group's statistics these days. The downtown Birmingham-based investment firm has added four people, brought another $224 million under management, and now has $1.4 billion under management and advisement since it was founded in 2004.

James F. Peters, Jr., and Paul J. Simon co-founded Tactical Allocation Group with the idea of investing money in a proactive style. A crash in the financial markets and the biggest economic downturn in generations suddenly made the company's new strategy very popular among the moneyed set.

"Our investment style is very much in demand," says Peters, CEO of Tactical Allocation Group. "It's a very proactive form of management, which means you change your portfolio in anticipation of changes in the economy."

When we last checked in with the money manager in December of 2009, the company had 14 employees and was striving to cross the $1 billion in assets mark. Today it has 18 employees and four independent contractors at its office between the Birmingham 8 Theater and the Briggs Building on South Old Woodward. Peters expects to add another three jobs this year, including a couple of salespeople.

Source: James F. Peters, Jr., CEO of Tactical Allocation Group
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.

Tactical Allocation Group to add 3 jobs, reaches $1.4 billion under management and advisement

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