North American is the right size for St. Louis and the Midwest region: large enough to bring best-in class advice across a multi-dimensional spectrum of asset classes, but small enough to provide portfolio customization and personalized client service.
St. Louis, MO (PRWEB) June 06, 2014
North American Management Corporation, an independently owned and operated wealth management firm, has hired Mark J. Reed and O. Sage Wightman, III. Reed, a lifelong St. Louis resident and veteran asset manager, was chosen by the Boston-based firm to open a St. Louis location and expand the firm’s investment management and family office services to the Midwest market. He brings over 25 years of investment management experience to North American Management, and was most recently a Managing Director of Bush O’Donnell Investment Advisors where he managed equity portfolios for individuals and institutions. Wightman will be responsible for business development, and brings a long career in financial services and asset management to the firm.
North American Management’s office in Clayton, Missouri, is the firm’s first office outside of Boston. “St. Louis represents an ideal location to bring the breadth and depth of our resources to the Midwest,” said Robert G. Scott, CEO of North American Management. “Opening our first location outside of Boston was a strategic step made possible by the addition of Mark and Sage to our team. Their significant money management experience, established relationships and involvement in the St. Louis community are valuable assets to our firm and client base. We are excited to support Mark and Sage as they offer the independent, customizable approach to advisory services we feel will benefit individuals and families in St. Louis and beyond.”
“The St. Louis market is underserved by independent wealth management and family office advisors who bring a personalized approach to each client’s financial goals,” said Mark Reed. “North American is the right size for St. Louis and the Midwest region: large enough to bring best-in class advice across a multi-dimensional spectrum of asset classes, but small enough to provide portfolio customization and personalized client service.”
North American Management currently has 30 employees with clients in 30 states with approximately $1.4 billion of assets under management. The firm operates an open-architecture model, managing assets both internally and through the use of complimentary outside managers. North American offers investment advice in traditional asset classes such as domestic equities and fixed-income, and other developed and emerging markets. In addition, the firm brings significant expertise in alternative investments including private equity and hedge funds. North American Management supports its investment advice with institutional portfolio analytics, risk management and fiduciary services including aggregated multi-custodial reporting.
About North American Management Corporation
North American Management is an independently owned and operated wealth management firm based in Boston, Massachusetts, with a branch office in St. Louis, Missouri. Established in 1928 as a single family office, and registered with the SEC since 1969, North American Management provides comprehensive wealth management services to high- net worth individuals, family offices and select non-profit entities nationwide. With approximately $1.4 billion in assets under management, North American Management has been built through a combination of organic growth, selective strategic acquisitions, and over 85 years of operating experience. For more information, visit http://www.namcorp.com.