High Net Worth Services

Clients with net worth of $5 million or more can access markets or investment strategies that are generally not easily accessible by individuals or smaller institutional investors. These “Alternative Investments” encompass a range of opportunities that can serve to complement a traditional portfolio. Two examples are as follows:

Exchange Funds (not to be confused with exchange-traded funds) offer clients with large concentrated stock positions (who very often have a low cost basis) immediate diversification by allowing them to “exchange” shares of their single position for shares of a professionally managed portfolio. Because of the way an Exchange Fund is structured, the swap does not trigger any capital gains taxes.

Private Equity and Direct Investment Funds allow clients to participate in industries or companies that are not accessible to investors through the public marketplace, including pre-IPO companies.