Garden City, NY (PRWEB) April 08, 2013
Concept Capital Markets, LLC is pleased to announce that Richard DiVenuto has joined the firm as a Partner in Concept Asset Management, the firm’s investment advisory division. Mr. DiVenuto brings to Concept more than twenty years of experience in the investment business, including a great deal of expertise in providing family office advice. He was previously employed by Morgan Stanley & Co. (f/k/a Smith Barney), where he was a Senior Vice President. Richard spent the last eighteen years of his career building a comprehensive Wealth Management practice. He will be based in the firm’s New York City office.
“We are pleased to welcome Richard to Concept Asset Management and look forward to working with him said Robert Moore, Chief Executive Officer. “During our discussions in recent weeks, we’ve come to appreciate Richard’s extensive advisory experience, knowledge and his plentiful relationships.
Michael Rosen, Managing Member of Concept Capital Markets, LLC added “we’re eager for the opportunity to introduce Concept Capital and our capabilities to Richard’s clients. Our continued investment in technology and talented individuals enables us to deliver tools and support services, such as enhanced portfolio management and reporting solutions, which improve our customer experience”.
“I look forward to working with the team at Concept Capital and introducing my relationships to the Concept Asset Management platform,” said Mr. DiVenuto. “In what has been a difficult environment for advisors, I believe Concept has been able to not only sustain an excellent level of commitment to client service, but also enhance its suite of services that assist financial advisors to remain focused on client portfolios, including its enhanced technology offering featuring real-time risk management and portfolio reporting. In managing a discretionary fee based business, I need a technology platform that measures in real time irrespective of where client assets are held. Having the ability to stress portfolios using advanced analytics is a differentiator. Concept Capital offers a compelling solution. I look forward to assisting my clients with their financial goals.”
About Concept Capital Markets, LLC:
Concept Capital offers a comprehensive suite of brokerage and related services that provide traditional and alternative investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve hedge fund managers, managed account platforms, institutional investors, family offices, and registered investment advisors with turn-key solutions designed to free its clients to focus on their core competencies. Our offering features world-class custody and clearing options, multi asset class capabilities, leading execution and order management systems, a seasoned execution desk, a range of financing options, a highly professional operations and customer support team, comprehensive portfolio reporting capabilities, and capital introduction. Concept Capital Markets, LLC was established in 2010 following the spin-off of the Concept Capital division of Sanders Morris Harris Inc., whose origins date back to 1995. Concept Capital Markets, LLC is headquartered in Garden City, New York and operates offices in New York City, Greenwich, CT, Chicago, IL, Los Angeles and Del Mar, CA, and Boca Raton, FL. The firm is registered as a Broker Dealer and Investment Adviser with the SEC, and is a member of FINRA, NFA, and SIPC. For additional information, visit http://www.conceptcapital.com