Investview, Inc. Announces the Acquisition of a Majority Interest in Vickrey Brown Investments, LLC
The New Venture Could Potentially Add Significant Revenue And Will Expand Investview, Inc.'s Financial Investment Platform to Include the Development and Marketing of Exchange Traded Funds, Or Unit Investment Trusts (UITs).
RED BANK, NJ / ACCESSWIRE / August 12, 2014 / Investview, Inc. (INVU) ("Investview") announced today the acquisition of a majority interest in Vickrey Brown Investments, LLC, (VB) a Southern California company that specializes in investment strategies which combine quantitative strategies, forensic accounting and volatility controls. The acquisition adds a full range of quantitative investment strategies and analytical tools to Investview's current financial platform. Equally important, the acquisition could potentially increase Investview's revenue significantly.
VB Investments is founded by industry veterans Scott Brown and Donn Vickrey, PhD, CPA, CFE. Prior to forming VB Investments, Scott Brown was President and CEO of Sabrient Systems, LLC where he led the company to nearly $3 Billion in AUM and orchestrated the acquisition of Gradient Analytics. Revenues grew 4 fold during Brown's tenure at Sabrient as the company focused more on ETF and UIT creation. Dr. Donn Vickrey previously served as Director of Research at Gradient Analytics, an independent research provider he co-founded (with Dr. Carr Bettis) in 1996. During his tenure at Gradient Analytics, Dr. Vickrey was integral to the development of the firm's suite of quantitative investment models, including the first commercially available, quantitative model for assessing quality of earnings. He was also the primary architect behind the firm's signature Earnings Quality Analytics research service.
"The acquisition of VB investments is an important component to our Financial Services platform and will contribute significantly to increase revenues and assets under management in our RIA division." said Dr. Joseph Louro, Chief Executive Officer of Investview. "Our goal is to utilize our market proven analytics and technology to grow revenue in our Financial Services division" Louro continued.
"The majority stake by Investview provides us with the capability to further expand our product offerings as well as provide the necessary resources to significantly increase AUM for both firms," said Scott Brown, President and CEO of VB Investments.
About Investview, Inc.:
Investview, Inc. provides and delivers a comprehensive online program of investor education, offers proprietary investor search tools and trading indicators, distributes weekly newsletters and offers access to live weekly Trading Rooms. Recently Investview, under the direction of CEO Dr. Joseph Louro, has added a Financial Services Division which includes a Broker-Dealer, and a Registered Investment Advisory firm designed to utilize the firm's technology to generate reoccurring fees and commissions from potential Investview customers. For more information on any of the Investview products please visit: www.investview.com and www.vickreybrown.com
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements
as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.