Karl Wellner Acquires Papamarkou Asset Management

Karl Wellner Acquires Papamarkou Asset Management

New York (PRWEB) February 21, 2008 -- Karl Wellner acquires Papamarkou Asset Management Incorporated.

Five years after becoming President and Chief Executive Officer, Karl Wellner has acquired 100% of Papamarkou Asset Management from the Trust of Alexander Papamarkou.

Papamarkou Asset Management was founded in 1982 to provide guidance on investment matters to wealthy private clients. Today, the firm, an SEC-registered investment adviser, works with clients whose accounts amount to several billion dollars of assets. It provides personal investment services to high net worth individuals, family offices and institutions, domestic as well as international.

Papamarkou Asset Management arranges for its clients to invest with some of the top performing managers across the asset classes, including hedge funds, private equity and real estate. The firm's composite net annualized return over the last three years has been in excess of 18%.

"I see great momentum for growth in this segment of the financial industry, and particularly for boutique firms like ours that offer tailored financial advice," says Karl Wellner. "Papamarkou Asset Management has a 25-year track record of excellent investment performance achieved by its clients, a distinguished client base and a highly capable and motivated team of professionals. I am excited about the firm's future and look forward to bringing it to the next level, continuing the quality and degree of personalized service for which we have become known."

Recently, prominent media including the Wall Street Journal, Forbes Magazine and CNBC have noted Papamarkou Asset Management's unique approach to wealth management.

Contact:

Thorne Perkin

Vice President

Papamarkou Asset Management

212-223 2020

www.papamarkou.com

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