On Oct. 5, CTGroup of Irvine, Calif., announced that longtime industry figure Leo Frese officially joined the company.
“Leo is a great addition to our team,” said Todd Griffiths, CEO of CTGroup. “His understanding of the industry, and his vision for the future of tangible asset investing truly complement our goals here at CTGroup.”
Frese has more than 40 years of experience as a numismatist within the auction community. Throughout his career, he has handled more than $500 million worth of rare coins and estates. Prior to joining CTGroup, Frese spent 28 years with a major numismatic firm. Frese, however, said the past two decades in the industry have been too reliant on auctions, and believes that CTGroup represents the future of the industry.
“I believe what CTGroup is doing is transformational for our business, from an educational aspect, a technological aspect and, maybe most importantly, an integrity aspect,” said Frese.
He says there has been a large emphasis on auctioning over the past 10 years, but new trends and a changing landscape have highlighted the need for a new approach. He said the future of the industry involves a better understanding of tangible assets, transparency with clients and advanced educational opportunities, such as CTGroup’s University of Rare Coins.
“Traditional thinking around numismatics and tangible assets is history,” says Griffiths. “At CTGroup we are shaking things up in the industry by offering consumers the future of tangible asset investing and now Leo will have an integral role in helping us shape that future.”
Frese’s tenure with CTGroup was effective immediately. He will be actively involved in the numismatic sector of the company. For more information, visit www.ctgroup.com.