Performance Trust Investment Advisors, LLC (PTIA), an affiliate of Performance Trust Capital Partners, LLC, has tapped veteran municipal bond portfolio manager J. Thomas Futrell to head an elite municipal bond investment strategy for PTIA. With this new capability, PTIA will serve individual and institutional investors by employing investment strategies that will capitalize on opportunities in the municipal bond market. Futrell, who developed a wealth of experience in municipal bond research and portfolio management during more than two decades with Chicago-based Nuveen Investments, will build a team of investment professionals to offer investors products that invest in tax-exempt municipal bonds. Municipal bonds are generally attractive to investors for their tax advantages, high yields and historically low default rates. While at Nuveen, Futrell headed an 18-member municipal research team, and managed the All-American Municipal Bond Fund, a $350 million open-end investment grade municipal bond fund during the time he managed it. Futrell also served as Chief Investment Officer of Claymore Securities, Inc., a diversified asset management company that had approximately $16 billion under management and supervision at the time of his departure in 2010. Futrell will call on his management and recruiting experience as he builds an expert investment advisory team.
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