[August 24, 2023]

Horizon Investments, Provider of Goals-Based Investment Solutions, Announces Two Major New Hires

Horizon Investments, LLC, an industry-recognized firm providing modern goals-based investment management, today announced two key new hires as Devansh Patel has joined as Head of Corporate Strategy and Philip McDonald has joined as Head of Custom Portfolios.

In his newly created role, Mr. Patel will be responsible for executing Horizon's mergers and acquisitions (M&A) strategy, while Mr. McDonald will play a critical role in the development and execution of the firm's strategic vision for its fast-growing custom Separately Managed Account (SMA) program, Horizon Custom Portfolios (HCP).

"We are uniquely positioned at Horizon to be a premier provider of goals-based solutions for the mass-affluent segment of the market. To do that, we need to continually assess, refine, and add to our offerings and to what is already an industry-experienced team. We are thrilled to be welcoming Devansh and Phil into these key roles," said John Drahzal, President & CEO of Horizon Investments.

"Core to our philosophy is championing the intersection of asset management, technology, and financial planning, advancing a tectonic shift away from traditional investment management frameworks towards a client-centric, goals-based approach," added Drahzal. "Personalization is an essential ingredient to these efforts and is where Phil and his team will focus on providing highly customized solutions tailored to specific advisor and client needs. Embracing innovation is also key, s is realizing that increasing the breadth and depth of our offerings may be best addressed through M&A activity, an area where Devansh has long excelled."

Mr. Patel joins Horizon from Ziegler Capital Management, LLC, where he was a Board Member and Senior Managing Director, Head of Strategy & M&A. Over the course of nearly a decade with Ziegler, Mr. Patel helped expand the firm's offerings across fixed income, credit, equities and alternative strategies, growing AUM through a strategy combining M&A with organic growth. He has also held a number of senior roles with Barclays Bank PLC, Credit Suisse, McKinsey & Co., and Deloitte across his more than 30 years career in financial services, which began after graduating from The University of Pennsylvania with a triple major in finance, accounting and public policy. He also earned his MBA from Wharton.

Mr. McDonald joins Horizon from Symmetry Partners, where he held a number of senior roles over the past decade-plus, most recently as Managing Director & Portfolio Manager, President of Symmetry Panoramic Trust, and Member and Chair of the firm's Investment Committee. He also held a number of key research roles with the firm and previously served as Director of Fixed Income and Alternatives as well as Director of Investments. Before joining Symmetry Partners, Mr. McDonald was a Senior Consultant with The Hartford, and he began his career as an Analyst, and later an Investment Associate, with Prudential Capital Group.

Mr. McDonald graduated from Georgetown University with a Bachelor of Science in International Finance and Commerce. He also earned his MBA from The University of Connecticut and holds both the CFA and CAIA Charters.

"Phil and Devansh are exactly the kind of talented, experienced professionals that will help us continue to lead the way in redefining wealth management, centering the industry's approach not around relative performance to a benchmark but instead to specific client outcomes," said Scott Ladner, Horizon's Chief Investment Officer. "Investing for the future is a personal experience, and we believe personalized approaches are what best serve clients."

About Horizon Investments

Horizon Investments, a registered investment adviser with approximately $7.82 billion assets under advisement as of June 30th, 2023, is an industry-recognized firm providing modern goals-based investment management designed to help financial advisors and their clients achieve their financial goals. Through its goals-based investment solutions, Horizon aims to simplify communication and improve the investing experience across a variety of market environments. Horizon's investment process balances quantitative and qualitative perspectives, including both macroeconomic and fundamental analysis. Financial advisors can turn to Horizon for innovative risk mitigation, retirement income, and asset allocation strategies. Horizon's GAIN PROTECT SPEND® framework, combined with its multi-disciplined investment process, has been a cornerstone of Horizon's portfolio offerings for over a decade.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230824973228/en/

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