Our wealth management company and our affiliated asset management firm strive to offer best-in-class wealth management guidance, retirement plan solutions, and access to off-market, institutional-grade investment opportunities.
Every client has different financial goals, needs, and preferences. By working closely with our clients, we help them meet their goals with a tailored, holistic approach.
Sometimes there’s more to building a financial plan than simply setting goals and establishing the right vehicles to meet those goals. Take the situation a member of our Private Wealth team faced last year, when he was approached by a radiologist in North Carolina who’d been both a long-time insurance customer and an investor in real estate and private equity offerings. This doctor and her husband were looking to build out a financial plan to carry them through the last few years of their careers and into a successful retirement.
Once we had the chance to look at the couple’s financial statements, we noticed that more than half of their holdings were in extremely high-commission financial products—and that they were paying substantial fees they didn’t even know about to their existing advisor.
Our mission was clear: work with the couple to build a new financial plan and investment portfolio that maximized their investments while minimizing burdensome fees, and set them on a new footing toward the retirement they’d been planning for. We also took it upon ourselves to educate the couple about how to identify hidden fees and rate different investments—so much so that they are now deeply engaged in the financial planning process.
There may not be financial literacy classes in medical school, but our Private Wealth team is there to help doctors and others work toward their goals and achieve true wealth, however they define it.
2018 saw the creation of our new Retirement Plan Solutions offering, designed to help medical practices build the right retirement plans for their team, while helping them invest wisely and mitigate risk.
Running a practice is complicated, but setting up a retirement plan for your employees doesn’t have to be. That’s where our Retirement Plan Solutions team comes in.
Last year, a primary care practice in North Carolina that we’ve insured for almost 20 years came to us looking for help. Their existing plan was underserviced by its existing record-keeper, offered a complicated mix of investment options, and had a suboptimal design that made it hard for some employees to save as much as they wanted to.
We helped in a few different ways. First, we took the practice through a process to find a new, more accessible service provider that was able to reduce total administrative costs by roughly 25%. Then we put a more coherent fund lineup in place based on what we consider institutional-quality best practices, mapped the old lineup to the recommended new lineup, and established a process for semi-annual evaluation of the investments. Finally, we adjusted the plan design to make it more capable of supporting full participation by all employees.
We’re not just an investment advisor to our retirement plan clients—we’re a full-service consulting partner.
Our Real Estate Fund makes diversified real estate investments in the Southeast and Mid-Atlantic, and has so far invested approximately $70 million across 11 transactions.
Commitments are made up of the first Real Estate Fund and the first closing of the second Real Estate Fund, which was completed in December.
We launched our Opportunity Fund in 2018, giving qualified investors the ability to join us in investing in growth-oriented middle-market businesses. Private credit and equity strategies like this have historically outperformed comparative public market strategies, making them an attractive investment strategy to help diversify investors’ portfolios.
$336.6M as of 12/31/18
Assets under advisement include assets managed by SharpVue Capital and advisory-only assets. Assets under management were $160.6M as of 12/31/18.
Outlook
