BUFFALO, N.Y., Sept. 21 /PRNewswire/ -- Elias Asset Management, a nationally recognized investment management firm, has officially changed its name to Nottingham Advisors.
The decision reflects the company's evolution over the last several years into a far more diversified and complete wealth management solution provider. In addition, for the first time in its history, the company has adopted an official tagline, "Proving Our Worth By Building Yours."
The company, which is also celebrating its 25th anniversary, made the announcement yesterday evening at a special reception at the Buffalo & Erie County Historical Society, located on Nottingham Terrace -- the architecturally rich and historically affluent North Buffalo street from which the new name was derived.
Elias Asset Management was founded in 1981 by David Elias, who retired at the end of 2005. In 2000, the company was acquired by Community Bank System, Inc. , and now operates as a stand-alone subsidiary of the bank holding company.
"Our founder did an excellent job of creating and fostering our brand on a national scale for nearly a quarter century," said Thomas S. Quealy, Jr., President and Chief Operating Officer of Nottingham Advisors. "The Elias name effectively became synonymous with 'large-cap growth,' the primary investment strategy in which we specialized during our first two decades. However, in recent years we have introduced several new products that offer our clients more diversified and complete investment strategies that are better suited to succeed not only in the current economy, but in a variety of economic environments as well. Therefore, because the Elias brand was so strongly linked to this narrower definition, it quickly became clear that a new identity was needed."
Among these new strategies include a diversified index portfolio and a diversified discipline portfolio. Most recently, the company has launched a diversified income portfolio, under the guidance of newly appointed Chief Investment Officer Lawrence V. Whistler, who possesses significant experience within the fixed income discipline as a CFA and former bond trader. Vice President / Portfolio Manager Nicholas Verbanic rounds out Nottingham's senior management team, all of whom possess at least 16 years or more of experience within the financial services industries.
Quealy continued, "We have seen considerable growth in our business recently as a result of the product, service and human resource enhancements we have made, which is underscored by the opening of our new office in North Palm Beach, Fla. to accommodate our growing client base in the Southeast U.S. Our new name and branding efforts now position us even better to not only grow our company -- but more importantly, to better serve our existing clients."
Nottingham Advisors has been offering wealth management solutions for more than 25 years and provides investment portfolio management services to individuals, qualified retirement plans, endowments and foundations. In addition to the company's headquarters at 500 Essjay Road in Buffalo, N.Y., it operates an office at 772 U.S. Highway One in North Palm Beach, Fla. For more information, call 1-800-281-8974 (or 716-633-3800 in Western New York), or visit http://www.nottinghamadvisors.com/.
For further information contact:
Thomas S. Quealy, Jr.
President/Chief Operating Officer
(716) 633-3800
© 2006 PR Newswire
