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February 18, 2021updated 19 Feb 2021 4:29pm

Industry veterans establish new wealth advisory firm in US

By Verdict Staff

A group of veteran financial executives have joined hands to set up a new investment management and wealth advisory firm in the US.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

Dubbed New Republic Partners , the newly launched firm will offer investment, wealth advisory and credit solutions for individuals and families, endowments, foundations, and advisors serving accredited investors.

Through the recent acquisition of New Republic Bank, the firm will also provide concierge financial services to its investment and wealth advisory clients.

The founders said they have already secured The John M Belk Endowment, the MC Belk Pilon family interests and the Springs-Close-Bowles family interests as clients and shareholders.

Based in Charlotte, North Carolina, New Republic Partners will be led by CEO and chairman Ralph Strayhorn and president and COO Tom Hoops.

Strayhorn said: “The alignment of our professional team, investors, board members and founding family clients creates a strong foundation for the firm,”.

Hoops added: “We are able to leverage that foundation to provide clients with access to unique investment solutions usually reserved for large institutional investors, as well as proprietary private funds and other co-investment opportunities.”

Strayhorn has been CEO for several banks previously. He also headed Cape Point Advisory, which worked with banks and regulators to support banks through mergers and sales.

Hoops, who was previously part of the executive committee at Legg Mason Global Asset Management, led the global product strategy, M&A and strategic investing at the firm.

New Republic Partners board of directors member MC Belk Pilon commented: “The investment team at New Republic Partners brings innovative thinking and a high degree of expertise. We like the concept of a partnership environment with shared investment opportunities.”

New Republic Partners will develop and manage investment client portfolios through its entity New Republic Capital.

 

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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