The Colorado-based Janus Capital Group reported quarterly earnings on Tuesday and while it missed analysts expectations, its CEO says the company is "on path."
"Five years ago, or a little more than that, I got here and said, 'We need to repair the firm, we need to strengthen the fundamental balance sheet, we need to strengthen the investment team by adding talent and bringing in the right people,' " Dick Weil told CNBC's"Power Lunch."
"From there we really need to focus on our clients and grow the firm."
The company reported earnings per share at 19 cents, which missed Reuters analysts expectations of 20 cents. Janus Capital also missed top-line estimates by nearly 2 percent at $249 million in comparison with revenue expectations of $253.8 million.
Weil told CNBC that a volatile market influenced first-quarter results, but the firm has seen assets under management recover along with the broader market.