We continue to experience steady growth among families and high net worth individuals concerned about their ability to pass on wealth from generation to generation and looking for highly tax efficient investment strategies, explains Matthew Wosk, CEO Proficio
BOSTON (PRWEB) June 27, 2019
Proficio Capital Partners, a multi-family office servicing as a high touch manager of both liquid and illiquid assets, is pleased to announce it has been named to the 2019 edition of the Financial Times 300 Top Registered Investment Advisers. This is the second consecutive year Proficio has made this list of top independent RIA firms from across the U.S.
“We continue to experience steady growth among families and high net worth individuals concerned about their ability to pass on wealth from generation to generation and looking for highly tax efficient investment strategies. We know that tax can be one of the biggest destroyers of wealth and the current political climate has many anticipating it will be a greater risk in the future,” said Matthew Wosk, Proficio Founder and Chief Executive Officer. “To be named to this prestigious list for two years running further validates the growing importance of focusing on tax efficient investing.”
Proficio continued to expand its team over the past year to enhance its high touch client service. Sheldon Hanau joined in February taking on the role of Proficio’s Chief Strategy Officer. He works with current and prospective clients to develop tailored investment plans to meet individual needs.
Additionally, Proficio is partnering with Karen Halliday of the Leaders Group, to familiarize insurance brokers with the strategy and performance of Proficio’s Insurance Dedicated Fund (IDF) that was launched in 2017. The fund invests in a multi-asset portfolio of both internally and externally managed investment vehicles from a diversified group of asset classes with the goal to generate highly competitive risk-adjusted returns.
This is the sixth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry.
RIA firms applied for consideration, having met a minimum set of criteria. Applicants were then graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.
The final FT 300 represents an impressive cohort of elite RIA firms, as the “average” practice in this year’s list has been in existence for over 22 years and manages $4.6 billion in assets. The FT 300 Top RIAs hail from 37 states.
The FT 300 is one in series of rankings of top advisers by the Financial Times, including the FT 401 (DC retirement plan advisers) and the FT 400 (broker-dealer advisers).
About Proficio Capital Partners
Proficio Capital Partners is a multi-family office located just outside Boston, Massachusetts. Founded in 2014 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: http://www.proficiocap.com .