InvestorForce.com plans to divest its ownership in Asset Strategy Consulting, a firm it acquired 10 months ago. Three InvestorForce principals will form an independent consulting firm, Angeles Investment Advisors, in which InvestorForce will have no ownership interest. The new firm will be wholly owned by Leslie B. Kautz, Howard D. Perlow and Michael Rosen, all of whom are employed by InvestorForce and were partners at Asset Strategy Consulting.
Angeles will provide consulting services to the 20 institutional consulting clients still served by what remains of Asset Strategy Consulting. Lawrence E. Davanzo, former Asset Strategy principal and now executive vice president at InvestorForce, said the divestiture "is consistent from what we planned from day one. It was never the intent to acquire Asset Strategy to be in the consulting business. It was never part of our model to expand into advice.”
