Austin, Texas-based AFAM Capital has announced the appointment of Dr. Vito Sciaraffia as co-chief investment officer of its Innealta Division.

Sciaraffia previously served as a senior researcher at Dimensional Fund Advisors.

AFAM Capital, founded as Al Frank Investments in 1976, currently oversees more than $3 billion in client assets. In 2009, AFAM Capital acquired Innealta Capital, an American tactical ETF manager.