Coastal Management division focused on retirement, pensions

NARAGANSETT – A Rhode Island investment-management company announced last month a new partner along with the formation of a new division focused on retirement solutions for individuals and public-entity pensions from across the country.
Coastal Management Group, based in Narragansett, is creating a new division called Beach Street Financial Services.
“Beach Street will provide groundbreaking, low volatility investment products for individuals and governments which are transparent, liquid, low cost and in great demand in the current investment climate,” said Michael Riley, founding partner, in a statement.
The investment company also announced its newest partner John D. Liberator who will be the partner in-charge of Beach Street.
“John has been an investor and colleague of CMG’s since 2008. For many years a trial lawyer in private practice, John thereafter founded and for year operated a highly successful Bermuda-domiciled company in the mergers and acquisitions business … and more recently has served as an arbitrator for the [Securities and Exchange Commission],” Riley said. “Accordingly, John’s legal, regulatory, financial industry and executive experience makes him a perfect fit for CMG and Beach Street.”
Coastal is a Rhode Island investment managing company with hedge fund, private equity and venture capital operations. Liberator said in a statement that he’s pleased to be formally joining CMG as a partner.
“I fully expect Beach Street will meet the rising market demand for its innovative investment products head on and will be a very successful venture,” Liberator said.

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