Excerpted from AdvisorHub:
Becoming a leader in financial services isn’t an easy path. It requires grit, determination, intellect, and the ability to be the calm in the center of the storm market fluctuations can create. Edward Hemmelgarn, President and Co-Chief Investment Officer of Shaker Investments is just such a story.
Edward got his start in the financial industry in the 1980’s. He spent the first 4 years as an auditor at Ernst and Young then switched to focusing on mergers and acquisitions and strategic and financial management consulting. From there, Edward went on to become the Chief Financial Officer of Retail Banking at Ameritrust Corporation, now known as KeyBank. In consulting and banking, Edward realized that something was missing. He had started to invest in the stock market in 1979. Over time he realized that he was enjoying it and was good at it. His departure from Ameritrust gave him the opportunity to try to make it a career.
The Inception of Shaker Investments
In 1991, Edward founded Shaker Investments in Cleveland, Ohio. Shaker started as a small firm and went through rapid growth through its early years. Shaker was founded on the philosophy that the best way to build wealth in the stock market is to invest in companies within growing industries that have strong fundamentals, catalysts for long-term growth, and are currently mispriced by the market. This philosophy has proven itself to be reliable over the last 30 years, even with market fluctuation.