Proficio Capital Partners Celebrates its Five-Year Anniversary

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Since inception, Proficio's focus on the after-tax value of family wealth has gained recognition as an industry leader in high touch service and product innovation.

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The infrastructure of our firm was built with the knowledge that tax is the biggest destroyer of wealth and the political/fiscal climate (no matter what side of the aisle you are on) will continue to make this the biggest threat to our clients’ wealth preservation.

Proficio Capital Partners, a multi-family office servicing as a high touch manager of both liquid and illiquid assets, is celebrating five years of steady growth and major accomplishments this month. Since Chief Investment Officer Bob Haber and Chief Executive Officer Matthew Wosk founded the company in October of 2014, Proficio has been recognized as one of the most innovative multi-family offices with the development of products and services focused on preserving and growing the after-tax value of family wealth.

“The infrastructure of our firm was built with the knowledge that tax is the biggest destroyer of wealth and the political/fiscal climate (no matter what side of the aisle you are on) will continue to make this the biggest threat to our clients’ wealth preservation,” said CEO Matthew Wosk. “With this as our foundation, we grew from three employees to 12 highly skilled individuals offering unique products for our families, including Insurance Dedicated Funds (IDF), Opportunity Zone (OZ) investments, unique private opportunities, and creative Tax Alpha strategies for both short and long-term tax management.”

The staff build-out also included the hiring of Sheldon Hanau (former Wellington Research Director) to the role of Proficio’s Chief Strategy Officer earlier this year. Mr. Hanau works with current and prospective clients to develop tailored investment plans to meet individual needs. Mr. Hanau joined the Proficio Investment Committee which works to deliver unique private investment opportunities for Proficio’s clientele, and collaboration with other single-family offices. Since Proficio’s inception, the Investment Committee has directed various transactions in parking garages, cold storage warehousing, mineral rights, dry bulk shipping, equipment leasing, sports/entertainment management along with other investment strategies.

Proficio continues to take the lead in developing innovative Private Placement Life Insurance (PPLI) with multiple policies, bespoke SMA programs, as well as a devoted Insurance Dedicated Fund, all with the goal of providing the highly tax efficient investment strategies families and high net worth individuals need to pass on wealth from generation to generation. As part of this commitment to the successful transfer of wealth, the team has created and conducted numerous generational educational programs, including five mini-internships for the future generation of our clients.

“Generational planning and financial knowledge are paramount to our families,” said Lauren Maughan Denklau Chief Administration Officer (CAO) and Head of Investor Relations. “It’s not just about getting the right asset allocation, but rather providing the next generation with the analytical tools to empower them to make thoughtful financial and philanthropic decisions.”

Proficio has also entered the institutional market with its first corporate client. Proficio Chief Operating Officer, Justin Sussman noted, “We truly view clients from a holistic standpoint. It’s not just their individual wealth, but rather the full mosaic of their expanded family, philanthropic initiatives, and, in some cases, their corporate endeavors.”

“In addition to the growth in assets under management, our focus on tax efficient investing has been further validated by being named to the Financial Times 300 Top Registered Investment Advisers for two consecutive years (2018 and 2019). Within a universe of close to 13,000 independent RIA firms across the U.S. we consider this an honor and a huge accomplishment in five years,” said CIO Bob Haber.

The Proficio team is also dedicated to supporting and promoting various charitable events for causes of importance to its employees and client families. In this past year, Proficio has been an active member in the community with employees volunteering at a local foodbank as well as partnering with several charities for children and young adults with Autism Spectrum Disorder (ASD).

About Proficio Capital Partners
Proficio Capital Partners is a multi-family office located just outside Boston, Massachusetts. Founded five years ago by Bob Haber (CIO; previously at Fidelity) and Matthew Wosk (CEO; previously at Credit Suisse and Goldman Sachs), Proficio serves as a high-touch manager of both liquid and illiquid financial assets operating with high transparency to families, trustees, and administrators. The firm follows a service delivery model holding themselves as an objective provider of advice that places the interests of their clients first with a focus on wealth preservation and after-tax, after-fee, risk adjusted returns. For more information go to:

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Donna Cox-Davies
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