Heartland Advisors’ roots date to its predecessor firm, which was organized in 1983 as an investment advisory subsidiary of a regional broker, The Milwaukee Company.
Heartland's founder, Bill Nasgovitz, was part owner of The Milwaukee Company. He purchased a majority interest of the investment advisory subsidiary from his partners and began managing the Firm’s first mutual fund, the Heartland Value Fund.
The Fund was designed with a singular focus on value investing, with the 10 Principles of Value Investing™ as the framework for continual security evaluation.
Nasgovitz changed the name of the investment advisory subsidiary of The Milwaukee Company to Heartland Advisors after acquiring the remaining shares. The transition was part of a transaction that also sold The Milwaukee Company to Dain Bosworth.
Heartland Advisors launched the small-cap separately managed account strategy.
The Value Plus Fund launched.
Heartland Advisors’ separately managed account business also expanded with the addition of a mid-cap strategy.
A new separately managed account designed to seek value irrespective of market capitalization constraints was added.
Heartland Advisors was reorganized into a wholly owned subsidiary of Heartland Holdings, Inc. The reorganization retained the Firm’s structure as independent and entirely employee owned, with Nasgovitz as the principal shareholder.
A new small-cap separately managed account product was offered. It was designed to emphasize dividend-paying companies.
The Heartland team celebrates a 25th anniversary at Discovery World in Downtown Milwaukee, WI. Heartland team members, their families, and our clients joined together to enjoy the festivities of the event.
Keeping with the Firm's long-term succession plan, Will Nasgovitz, a Heartland veteran since 2003, assumed the role of CEO. Former Heartland Advisors CEO Bill Nasgovitz began focusing full-time on his duties as Chairman, CIO, and Portfolio Manager.
The Mid Cap Value Fund launched with both investor and institutional share classes.
Heartland bolsters its approach to portfolio construction and risk management. Adding a collection of rules and tools designed to increase the focus on the 10 Principles of Value Investing™ and Heartland's long history of stock analysis.
The Mid Cap Value Fund acquired the assets of the ALPS/WMC Research Value Fund.
Heartland moved its headquarters to the newly built BMO Tower on the corner of Water and Wells Street in Milwaukee WI, continuing to maintain their Downtown Milwaukee presence.
Expanding and strengthening the Board of Directors, Heartland Funds shareholders elected Dianna Gonzales-Burdin and Dina Tantra to the Board.
©2023 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856
The inception dates for the Mid Cap Value, Value Plus, and Value Funds investor class shares are 10/31/2014, 10/26/1993, and 12/28/1984, respectively.
The inception dates for the Mid Cap Value, Value Plus, and Value Funds institutional class shares are 10/31/2014, 5/1/2008, and 5/1/2008, respectively.
Separately managed accounts and related investment advisory services are provided by Heartland Advisors, Inc., a federally registered investment advisor. ALPS Distributors, Inc., is not affiliated with Heartland Advisors, Inc.
The above individuals are registered representatives of ALPS Distributors, Inc.
The Heartland Funds are distributed by ALPS Distributors, Inc.