Founder of Berwyn’s Turner Investments Makes Abrupt Career Change to Focus on Faith, Ministry

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Image of Robert Turner via the Philadelphia Inquirer.

Robert Turner, the founder of Berwyn-based Turner Investments, is leaving the investment world to become a minister, writes Joseph DiStefano for The Philadelphia Inquirer.

Turner Investments, which managed $30 billion at its peak, took a downturn when Turner urged clients to buy U.S. stocks just before the market collapse of 2008.

That and the general decline in growth-oriented, active stock funds drove away big clients like Vanguard and the Pennsylvania State Employees Retirement System over the course of the next few years. Turner also lost many of its top managers.

In July 2016, Turner announced plans to combine his remaining staff and assets at Turner Investments with an investment platform formed by Veracen LP, a business started by Radnor investor Michael T. Kennedy, at new offices in Berwyn.


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Earlier this summer, however, Turner, 61, said he was resigning from the Veracen project.

“As an investor whose funds have gone” into the group’s software and investment platform, “I wish Michael and his team success,” Turner said.

Turner remains an investor but is no longer active in Kennedy’s effort. He has enrolled in a four-year program to become an ordained minister. A Presbyterian, he is studying to be a nondenominational preacher.

Read more about Robert Turner and Turner Investments in The Philadelphia Inquirer by clicking here.

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