PORTLAND, Ore., Jan. 30, 2006 (PRIMEZONE) -- IMS Capital Management today announced the addition of Tim Riggers and Rick Schilffarth, two senior business development professionals who bring a combined 48 years of experience to IMS. The duo will focus their efforts on distribution of the IMS Family of Funds and separate account strategies throughout the United States.
Timothy P. Riggers, CIMA, brings 25 years experience to IMS and will be responsible for business development and intermediary relationships in the western region. With in-depth knowledge of both separate accounts and mutual funds, Mr. Riggers' career includes tenures of 15 years with Lord Abbett & Co and 5 years with Dreyfus Managed Accounts where he served in various senior sales and distribution capacities. He has also developed numerous value-added programs designed to help advisors grow and strengthen their business. A graduate from the U.S. Military Academy at West Point, Mr. Riggers earned the designation of Certified Investment Management Analyst (CIMA) at the Wharton School of Business, U of PA.
Richard A. Schilffarth, Jr. is responsible for business development and intermediary relationships for the eastern region at IMS Capital Management. With 23 years investment industry experience, Mr. Schilffarth has served in numerous senior sales and marketing capacities throughout his career, directing sales professionals and overseeing institutional and mutual fund distribution. He has worked extensively with regional and national brokerage firms in setting up their consulting departments and was part founder of two distinguished consulting firms. Mr. Schilffarth brings a number of established relationships to IMS.
Among the new team's responsibilities will be to broaden IMS' mutual fund selling agreements with both national and local broker-dealer firms and to expand distribution of IMS investment disciplines through separately managed account platforms. In addition, the team will spearhead a wholesaling effort to greatly heighten the awareness and utilization of IMS investment strategies throughout the full service financial advisory industry.
Said IMS Founder and President Carl W. Marker, "the addition of Rick and Tim will be significant in helping IMS transition our regional footprint to a national one. The Firm is very fortunate to have attracted two such accomplished industry professionals. We look forward to benefiting from their expertise and experience."
IMS Capital Management is an independently-owned and operated investment boutique based in Portland, Oregon with offices in Seattle. Specializing in seasoned mid cap value stocks with positive momentum, IMS employs fourteen professionals and oversees more than $800 million in assets ($205 million in mutual funds) as of December 31, 2005. IMS is the investment advisor to the IMS Family of Funds, which is available with no transaction fees (NTF) through Fidelity FundsNetwork and TD Waterhouse; and the IMS Capital Value Fund is available NTF at Schwab OneSource and was recently added to the Schwab Select List.
For more information, please visit www.imscapital.com or call 1-800-408-8014.
The Funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other information about the investment company. Read it carefully before investing. The prospectus is available at www.imscapital.com. Unified Financial Securities, Inc., distributor.