Mutual-fund company names interim chief executive

FWR Staff

13 March 2008

Integrity Mutual Funds looks for a full-time replacement for Mark Anderson. Minot, N.D.-based municipal-bond specialist Integrity Mutual Funds has named Bradley Wells as its interim president and CEO, following the resignation of Mark Anderson.

Help wanted

Anderson stepped down last week "for personal reasons," according to Veronica Welch of the Attleboro, Mass.-based public-relations firm CWR & Partners, which represents Integrity.

Wells, a member of Integrity's senior-management team for the past six years, will continue in his role as head of the firm's retail operations, which includes the independent broker-dealer Capital Financial Services.

Welch says Integrity is looking for a full-time president and CEO, but she provides no further details on the firm's search.

Integrity managed $396 million in 14 mutual funds and a fund of funds at the end of 2007. Its Capital Financial Services subsidiary provides investment-products and services to 450 independent financial planners around the U.S. - FWR

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