Founder and CEO
Noah’s 15+ years of experience includes a focus on innovative financial technology and innovative financial products. His experience spans a solid financial services foundation at Fidelity Investments. From that foundation, Noah has had the opportunity to develop one of the first web-based brokerage trading and systems, to the start-up of the first web-based personalizes portfolio management systems, to direct a national mutual fund firm which was an early provider of index-based ETFs, to found one of the first firms to offer actively managed ETFs.
Noah is the founder and CEO of AdvisorShares Investments. AdvisorShares is one of the first firms to apply for actively managed ETF exemptive relief from the SEC. AdvisorShares is designed as a platform for the development of actively managed ETFs.
Managing Director and Chief Operating Officer
Dan Ahrens carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities, including portfolio management, sales, finance, operations and compliance. He founded Ahrens Advisors, L.P., an SEC-registered investment advisor, where he was portfolio manager of the Ladenburg Thalmann Gaming and Casino Fund. Dan also served as president of the MUTUALS.com Funds, where he launched the Vice Fund (VICEX) and served as its original portfolio manager. He was also the portfolio manager of the Generation Wave Growth Fund (GWGFX). During that time, he was also president and chief compliance officer of Mutuals Advisors, Inc, and acted as president, treasurer, and financial & operations officer of an affiliated broker dealer firm. Dan is the author of “Investing in Vice” (St. Martin’s Press, 2004) and has appeared prominently across financial media outlets and major national and trade publications. He earned a Bachelor in Business Administration in Finance from Texas Tech University.
Managing Director of Sales
James brings extensive experience in the financial services industry, having worked with RIAs, investment managers and start-up financial services providers. He has taken an entrepreneurial approach to providing solutions and was a key driver in the strategic growth plans for several financial organizations over the past decade, demonstrating particular expertise in: building high performing teams, financial management, financial analysis, and business development. Prior to joining AdvisorShares, James worked as an independent financial consultant, where his primary client was an asset management team for an RIA/broker-dealer with $1 billion under management. From 2002 to 2004, while attending graduate school, James assisted in the strategic development and start-up phase of Curian Capital’s FOLIOAdvisor platform launch. While at FOLIOfn from 2000 to 2002, he raised the first $50 million of institutional assets for their FOLIOAdvisor platform as the manager of both the Business Development and the Institutional Sales teams. James has a Bachelors of Arts from the University of Delaware, and received a Masters of Science in Finance and a Masters of Business Administration from the University of Denver, Daniels College of Business.
Chief Compliance Officer
Head of Fund Operations
Julio Lugo is head of fund operations for AdvisorShares Investments. He brings over 25 years of financial services experience in a variety of senior level capacities including overseeing fund operations for exchange-traded products (ETPs) and American depositary receipts (ADRs). Julio began his career with Irving Trust Company, the storied investment bank which was acquired by the Bank of New York and now known as BNY Mellon. At BNY Mellon, he managed the capital markets team advising and educating the various buy-side and sell-side firms other financial intermediaries that invested, traded and serviced ADRs. Later in his career at BNY Mellon, Julio headed the ADR Index Product Development & Sales/Marketing areas. He was instrumental in creating innovative ADR-only ETFs as well as leading a team which won BNY Mellon’s global award for currency hedged ETPs. Most recently, Julio founded ETP Consulting LLC, working with ADR and ETF issuers, and assisting private companies & investors with special purpose acquisition companies (SPACs).
Julio lives in New Jersey with his wife Ann and two sons, Jonathan & Connor. He is an avid traveler, golfer and chef. He earned a B.B.A. in Finance from Baruch College, City University of New York.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.
An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage.