Mark Fairbanks has been appointed as PINE Advisor Solution LLC’s
(“PINE”) Head of Distribution Services, and President of PINE
Distributors LLC. On July 1st, 2024, Mark joined PINE as a
full-time employee, based in Maine, and a key member of PINE’s
Distribution Services leadership group moving forward. And, on July
22nd, PINE Distributors LLC (“PINE Distributors”) began providing
Distribution Services to the Teucrium Funds, acting as the
statutory distributor for Teucrium’s ETFs and marketing agent for
the Teucrium Commodity Trust Funds.
Derek Mullins, Managing Partner, who co-founded PINE with J.B.
Blue in 2018, said: “We are excited that Mark has joined PINE,
bringing his 35 years of industry experience to continue to build
out and grow our Distribution Services business. PINE has
established itself as an industry leader in providing outsourced
compliance, fund officers, CFO and operations support services to
asset managers and funds and has built its brand on providing
high-touch, hands-on client service. We firmly believe the industry
needs a fund distribution firm that can provide that same
high-level of service.
In his new role Mark will partner with Alexander Woodcock, CCO,
and Daryn Levesque, COO of PINE Distributors to manage our growth,
expand service delivery, and further deepen relationships with our
clients and partners.”
Mark Fairbanks joined PINE after 25 years at his prior firm,
where in the last 12 years he was responsible for leadership of
distribution and broker-dealer product. Mark said: “I am thrilled
to join PINE and lead the firm’s Distribution Services efforts.
This is an exciting opportunity to work with a talented team and
contribute to the firm’s growth. PINE’s hands-on approach and focus
on client service aligns well with my many years of industry
experience collaborating with clients to foster a strong and
successful relationship.
Accordingly, I am pleased to announce PINE Distributors will
become the statutory distributor and marketing agent for Teucrium’s
suite of exchange traded funds. Teucrium is a long standing and
well-respected manager of alternative market strategies, and we
look forward to working with the Teucrium team.”
Springer Harris, Chief Operating Officer at Teucrium ETFs said:
“At Teucrium we believe it is critical to our success that we
select well-matched external service providers that integrate
seamlessly with our internal team, so we are excited to be
expanding our relationship with PINE to now include their
Distribution Services.”
About PINE Distributors LLC and PINE Advisor Solutions
LLC
PINE Distributors LLC is registered with the United States
Securities and Exchange Commission as a broker-dealer and a member
of FINRA. PINE Distributors LLC provides a suite of distribution
solutions (including acting as statutory distributor, advertising
review, registered representative administration and
exchange-traded product solutions) on either turn-key or tailored
basis to pooled investment vehicles, such as exchange traded funds,
mutual funds, and closed-end funds, as well private funds.
PINE Distributors LLC is a wholly owned subsidiary of PINE
Advisor Solutions LLC (“PINE”). PINE is dedicated to elevating the
operational capacity of our clients by delivering
institutional-quality Chief Financial Officer, Regulatory
Compliance, Registered Fund Officers, Operations Support, and
Distribution Services. PINE’s vision is to be the gold standard for
outsourced financial advisory services, blending decades of
industry wisdom with cutting-edge innovation. PINE strives to forge
ahead as the trusted ally for investment advisers and fund
managers, enabling them to achieve unrivaled success through our
steadfast commitment to operational excellence and unwavering
support.
About Teucrium
Teucrium Trading LLC (“Teucrium”) is an established Exchange
Traded Fund (ETF) sponsor and White-Label ETF service provider,
servicing both emerging and established ETF issuers. Through its
focused ETF Solutions Platform, Teucrium transforms innovative
investment strategies into market-ready ETFs.
Teucrium Investment Advisors, LLC is an investment adviser in
Burlington, Vermont and is a wholly owned limited liability company
of Teucrium Trading, LLC. Teucrium Investment Advisors, LLC is
registered with the Securities and Exchange Commission (SEC).
Teucrium Investment Advisors, LLC only transacts business in states
in which it is properly registered or is excluded or exempted from
registration. A copy of the Teucrium Investment Advisors, LLC
current ADV filed with the SEC is available through the SEC's
website at: www.adviserinfo.sec.gov. The Form ADV provides
information regarding Teucrium Investment Advisors, LLC's business
practices, including services and fees.
This material is not an offer or solicitation of any kind to buy
or sell any securities outside of the United States of America.
All investments are subject to risks, including the possible
loss of principal.
ETFs are subject to market volatility and the risks of their
underlying securities. Each ETF has a unique risk profile which is
detailed in its prospectus, offering circular or similar material,
which should be considered carefully when making investment
decisions.
The Teucrium ETFs are commodity pools regulated by the CFTC
and are “non-diversified” investment companies under the Investment
Company Act of 1940, as amended and, therefore, may invest a
greater percentage of their assets in a particular security than a
diversified fund.
The Teucrium Commodity Trust funds are not mutual funds or
any other type of investment company within the meaning of the
Investment Company Act of 1940, as amended, and are not subject to
regulation thereunder.
Investing in the Teucrium Commodity Trust Funds subjects an
investor to the risks of the applicable commodity market, which
investment could result in substantial fluctuations in the price of
Fund shares and possible loss of principal.
Commodities and futures generally are volatile and are not
suitable for all investors.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. The prospectus
contains this and other information. Read the prospectus carefully
before investing. For a complete description of the risks
associated with the Fund, please refer to the prospectus at
www.teucrium.com.
PINE Distributors LLC is the distributor for the Teucrium ETFs.
Learn more about PINE Distributors LLC at FINRA's BrokerCheck. PINE
Distributors LLC and PINE Advisor Solutions are not affiliated
entities of Teucrium Trading LLC and Teucrium Investment Advisors,
LLC.
For more updates, see PINE's website or follow on
LinkedIn
https://pineadvisorsolutions.com/service/distribution-services/
https://www.linkedin.com/company/pine-advisor-solutions
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version on businesswire.com: https://www.businesswire.com/news/home/20240723699004/en/
For Media Inquiries Alexander Woodcock
awoodcock@pineadvisorsolutions.com (720) 702-2365