Pennsylvanian wealth manager plucks executives from Direxion, Logan Circle. Ballamor Capital Management has made a pair of senior appointments. Todd Kellerman, formerly CFO of Newton, Mass.-based indexed- and alternative-investment manager Direxion Funds, is now with Radnor, Pa.-based Ballamor as its CFO. Todd Howard, formerly a portfolio manager with Philadelphia-based fixed-income manager Logan Circle Partners, is now a senior v.p. of investments with Ballamor.

Experience

"Todd Kellerman will add finance and accounting expertise that will help us give clients the level of reporting and advice that they look for in today's challenging environment," says Ballamor's CEO Barry Bekkedam. "Todd Howard will add value to our investment process with experience in research, strategic asset allocation, portfolio construction and risk management."

Prior to Direxion, Kellerman was responsible for origination and evaluation of private investments within the investment management industry for Raven Holdings. Before that, he was director of strategy and finance for IAE Holdings, a start-up that involed with a series of ventures in the professional-service and technology sectors. He began his professional career as a management consultant and auditor with the professional-service firm Arthur Anderson (whose consulting arm survives as Accenture). Howard was portfolio manager with Delaware Investments for about three years before he joined Logan Circle in 2007. Prior to that, he was a captain and Black Hawk helicopter pilot in the U.S. Army. Ballamor is the twenty-second largest fee-only investment advisory in the U.S., according to data published by Investment News. It manages about $1.7 billion across 112 accounts, primarily for high-net-worth individuals and families. -FWR

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