Donald Lester

Telsey Advisory Group

Telsey Advisory Group (TAG) is a leading equity research, sales and trading, investment banking, and consulting firm focused on the retail and consumer sector founded by Dana Telsey, the #1 ranked Specialty Stores analyst for 7 consecutive years by Institutional Investor. TAG's Equity Research franchise covers 155+ companies across: apparel manufacturers, department stores, discounters, entertainment, financial services, footwear, gaming, hardlines, leisure, lodging, media, off-price, restaurants, specialty apparel, supermarkets, sporting goods, and telecom. TAG's Investment Banking group is active in capital markets transactions (underwriter, selling group member, etc.), M&A, and private placements. TAG's Consulting group conducts financial analysis and valuation, business/financial due diligence, and real-time primary research. Clients include private equity firms, mutual/hedge funds, retailers, and real estate developers. TAG is a certified Woman Owned Business Enterprise ("WBE," "MWOB," "MWBE") by California (CUCP), New York City, North Carolina (SWUC), and the Commonwealth of Pennsylvania. TAG is an approved broker for NYS Insurance Fund, NYS Teachers Retirement System, NYC Employee Retirement System, NJ Division of Investment, City of Philadelphia, Illinois State University Retirement System, Illinois Metropolitan Retirement Fund, State Teachers Retirement System of Illinois, and California State Teachers Retirement System.