Capital Advisory Group LLC ("CapGroup"), an independent investment advisory firm with over $1 billion in assets under management and founding member of Focus Financial Partners, is announcing it has selected Adhesion Wealth Advisor Solutions to provide a broad range of strategic business services and client benefits.
With Adhesion's Reporting and Investment Management platform, CapGroup will offer online reporting which will enhance clients' online query experience and provide convenient access to current account data, the firm said in a release.
CapGroup will also work with Adhesion to create "unified managed accounts" for clients - allowing closer account management and greater risk controls over client portfolio strategies. Additionally, through Adhesion's platform, the firm will be able to apply sophisticated tax management strategies to client accounts.
Fiduciary clients, such as foundations and associations, will benefit from CapGroup's ability to execute investment policies that follow investment fiduciary best practices, CapGroup said.
Richard "Dick" Smith, CEO and founder of CapGroup, commented, "Adhesion's flexible overlay system will create a whole new level of service for our clients. We looked at a number of solutions and we believe that Adhesion's approach to the integration of investment management services is ideally suited for our focus on providing the ultimate investment advisory services and fiduciary care for individual and institutional clients alike."
Richard Gill, VP at Focus Financial Partners added: "Focus has become very comfortable with Adhesion as a strategic outsourcing partner, with successful relationships at several other member firms. Adhesion has achieved a strong market position in working with independent wealth management firms, and has distinguished their investment management services as highly tuned to the flexibility required by fiduciary advisors, in contrast to more traditional broker and TAMP based UMA platforms. Adhesion has a great approach to helping RIA firms become more profitable and more effective in today's highly competitive environment."
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio