Timothy Armour is the CEO and chair of Capital Group, a firm based in Los Angeles. In addition to his senior executive position, he’s the company’s equity portfolio manager. Tim was appointed as Capital Group’s CEO in 2015. He is Jim Rothenberg’s successor. After Jim’s death, the board saw it fit to elect Timothy as the chair of the board of directors.
Timothy Armour promised the company that he will carry on with Rothenberg’s excellent work and work with Rob Lovelace, Capital Research and Management’s president, and the president of Capital Group –Mr. Phil Toledo. Since his appointment, Tim has focused on implementing the firm’s strategies. His commitment towards the company’s operations earned him his current position. Therefore, he is expected to continue serving Capital Group to the best of his ability.
Over the years, Tim Armour has offered financial advice to various business owners. In one of his interviews, he advised investors looking for high-performing investment managers. Timothy explained that the majority of active funds have a low ROI. This is usually because of high management fees.
Tim recently responded to Warren Buffet’s idea that returns on investments are low even for self-proclaiming investment managers. According to him, investors should find funds that have lower cost so that they can get higher returns. Additionally, an investors needs to look for managers who are active investors too. Such managers perform well because they also want to make profits from their investments.
The CEO went further to explain that the collaboration with Samsung Asset Management will benefit several people as it will enable them to meet their long-term and short-term goals. According to Tim, SAM has the capacity to deliver quality services and goods to the Korean market because it’s a reputable brand and a top management firm.