Advisors Capital Management said former Federal Reserve Chairman Alan Greenspan is now an economic advisor to the $1.4 billion RIA firm.
"I am very excited to resume working with one of the towering members of the economics profession. He has served our profession and our nation with distinction. I am now pleased we can bring the benefit of his insight to our investment clients," said Chief Investment Officer Charles Lieberman, in a statement.
According to the RIA, Greenspan will work with senior members of the firm and its investment committee by "providing economic analysis to support the firm's top-down approach to selecting sectors in the economy for investment." He also is expected to share both economic and market valuation analysis.
ACM added that its investment process, which is led by Lieberman (who has worked as a Federal Reserve economist) identifies sectors that may be affected by macro developments and then makes value-focused, bottom-up securities selection.
ACM was founded in 1998 and is based in Ridgewood, New Jersey. It provides portfolio and wealth- management services to affiliated advisors and to institutional and retail investors clients.
