Hodson leaves Sprott Asset Management

Peter Hodson has left his position as chairman of Sprott Asset Management to form an independent equity analysis company. The new firm is called 5i Research Inc.

“Recent events highlight some of the inherent conflicts in stock research,” Hodson said somewhat cryptically in a press release.

“The time has come for a research network to serve individual investors only—one that is free of any conflicts, one that works only for its members,” he added. “5i Research earns no fees from companies, does not trade in companies it follows, nor is associated with any broker or fund management company. This conflict-free environment allows us to provide truly independent assessments of companies.”

It appears the business model will be that of a newsletter, or something akin to it, as the site promises “low cost annual membership” for access to its research on stocks, closed end funds and mutual funds.

A placeholder website has been launched for the new company, which explains the five “I”s as: integrity; insight; independence; individual and investment.

Hodson joined Sprott in January 2006. His 18 year career has taken him to DBRS, Mutual Asset Management, Synergy Mutual Funds, which was bought by CI Investments in 2003. He left for Waterfall Investments, but returned to CI in 2005.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.