Cleros Wealth Partners Launches as Independent RIA, Shaping Future of Wealth Management
Cleros Wealth Partners, formerly affiliated with UBS, has formally transitioned to an independent Registered Investment Advisor (RIA). This strategic shift marks a significant milestone for the team, which managed approximately $3.61 billion in assets under supervision, primarily serving high-net-worth families and community-focused endowments in Fort Worth, Texas. Led by Founding Partners Kyle Kight, Alex Armstrong, and Jamie Packer, Cleros Wealth is committed to delivering comprehensive wealth management and financial planning services tailored to the specific needs of its clients.
With many clients boasting long-standing relationships of over two decades, the firm's heritage is deeply rooted in the Fort Worth community. The majority of its clientele has familial ties to Tarrant County, and many individuals have collaborated with the Cleros team for more than 20 years, fostering a profound sense of trust and loyalty. This commitment to family-oriented wealth stewardship underscores their mission to support clients in managing and growing their assets across generations.
Kyle Kight, one of the founding partners, shared his excitement about this new phase. "I'm fortunate to have spent 27 years working closely with some of the best in the industry, including our original founding partner, a true trailblazer in this business. Now, we have the opportunity to continue that legacy with even greater flexibility and more comprehensive service offerings for our clients," he said. This independence allows Cleros Wealth to explore a variety of investment opportunities and effectively manage increasingly sophisticated client needs in the ever-evolving financial landscape.
In speaking about the firm's vision, Alex Armstrong noted Fort Worth's unique character and how it has evolved over time. He emphasized their dedication to reflect this uniqueness in their practice, stating, "Our mission is to make a meaningful impact in the lives of our clients and their families, enabling them to pursue their life goals with confidence and clarity. We take pride in our achievements and are energized about the future of our practice."
The launch of Cleros Wealth was made possible through a strategic investment from Elevation Point, a firm designed to support independent advisors with vital resources, including capital and back-office support. This partnership enhances Cleros Wealth's capacity to serve its clients better, providing them with the necessary technology and investment solutions to continue building on their established foundation.
Brad Smithy, President of Wealth Management at Elevation Point, remarked, "Cleros Wealth Partners embodies the type of firm we aim to support — deeply connected to the community, committed to generational holistic planning, and focused on the unique needs of its clients." The firm achieves this while safeguarding client assets through Goldman Sachs Custody Solutions, ensuring security and peace of mind in wealth management.
The Cleros Wealth team includes dedicated professionals such as Angie Bentley, Barbara Bodon, and Tiffany Hayes, who all contribute to providing exceptional service and support to the firm's clients. As Jamie Packer, another founding partner, stated, "We pride ourselves on empowering families and organizations with the financial education and guidance essential for purposeful wealth stewardship."
As Cleros Wealth Partners continues on its journey of independence, its focus remains on delivering personalized financial advice and strategies that protect and enhance their clients' assets, ensuring their prosperity for generations to come. The firm's values, deeply intertwined with the heritage of Fort Worth, shape how they engage with their clients, adapting their approach alongside the evolving landscape of wealth management. For more information about their services and philosophy, visit cleros.com.
With many clients boasting long-standing relationships of over two decades, the firm's heritage is deeply rooted in the Fort Worth community. The majority of its clientele has familial ties to Tarrant County, and many individuals have collaborated with the Cleros team for more than 20 years, fostering a profound sense of trust and loyalty. This commitment to family-oriented wealth stewardship underscores their mission to support clients in managing and growing their assets across generations.
Kyle Kight, one of the founding partners, shared his excitement about this new phase. "I'm fortunate to have spent 27 years working closely with some of the best in the industry, including our original founding partner, a true trailblazer in this business. Now, we have the opportunity to continue that legacy with even greater flexibility and more comprehensive service offerings for our clients," he said. This independence allows Cleros Wealth to explore a variety of investment opportunities and effectively manage increasingly sophisticated client needs in the ever-evolving financial landscape.
In speaking about the firm's vision, Alex Armstrong noted Fort Worth's unique character and how it has evolved over time. He emphasized their dedication to reflect this uniqueness in their practice, stating, "Our mission is to make a meaningful impact in the lives of our clients and their families, enabling them to pursue their life goals with confidence and clarity. We take pride in our achievements and are energized about the future of our practice."
The launch of Cleros Wealth was made possible through a strategic investment from Elevation Point, a firm designed to support independent advisors with vital resources, including capital and back-office support. This partnership enhances Cleros Wealth's capacity to serve its clients better, providing them with the necessary technology and investment solutions to continue building on their established foundation.
Brad Smithy, President of Wealth Management at Elevation Point, remarked, "Cleros Wealth Partners embodies the type of firm we aim to support — deeply connected to the community, committed to generational holistic planning, and focused on the unique needs of its clients." The firm achieves this while safeguarding client assets through Goldman Sachs Custody Solutions, ensuring security and peace of mind in wealth management.
The Cleros Wealth team includes dedicated professionals such as Angie Bentley, Barbara Bodon, and Tiffany Hayes, who all contribute to providing exceptional service and support to the firm's clients. As Jamie Packer, another founding partner, stated, "We pride ourselves on empowering families and organizations with the financial education and guidance essential for purposeful wealth stewardship."
As Cleros Wealth Partners continues on its journey of independence, its focus remains on delivering personalized financial advice and strategies that protect and enhance their clients' assets, ensuring their prosperity for generations to come. The firm's values, deeply intertwined with the heritage of Fort Worth, shape how they engage with their clients, adapting their approach alongside the evolving landscape of wealth management. For more information about their services and philosophy, visit cleros.com.
Topics Financial Services & Investing）
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