Emigrant Partners Strengthens Wealth Management Portfolio with Novare Capital Investment
Emigrant Partners, recognized as a leading minority investor within the realm of wealth and asset management, has recently made headlines with its strategic investment in Novare Capital Management. This investment not only showcases Emigrant's commitment to fostering growth within the wealth management sector but also highlights Novare's esteemed position in managing significant client assets, totaling approximately $1.8 billion.
Headquartered in Charlotte, North Carolina, Novare has carved a niche for itself as an independent wealth management firm, emphasizing a client-centric approach since its inception in 1999 by founders Bill Baynard and Don Olmstead. Notably, Novare has been acknowledged as one of the top registered investment advisors (RIAs) by Forbes, a testament to its exceptional service and expertise in the industry.
With the fresh capital infusion from Emigrant Partners, Novare is poised to accelerate its expansion plans, primarily targeting opportunities across the Southeastern United States. The investment will not only provide the necessary capital but will also involve strategic advisory support aimed at empowering Novare’s leadership team to effectively navigate the competitive wealth management landscape.
"We are thrilled to welcome Novare to the Emigrant Partners network," stated Jenny Souza, CEO and President of Emigrant Partners. This sentiment illustrates the mutual respect and optimism shared between the two firms, particularly with Novare’s strategic approach to managing intergenerational family wealth—a growing concern among affluent households seeking long-term financial security.
Mr. Baynard, Managing Director at Novare, expressed his enthusiasm regarding the partnership: "Our primary objective has always been to deliver high-quality, tailored wealth management services in a boutique setting. The partnership with Emigrant allows us to uphold our independence while strategically investing in our firm to remain competitive in this evolving industry." This highlights Novare's commitment to maintaining its unique identity and service ethos amidst growth.
Furthermore, Mr. Olmstead emphasized the significance of this investment for Novare, stating, "This is a pivotal moment for our team. It offers remarkable opportunities that will benefit both our clients and employees. With Emigrant's unique understanding of our client relationships, we believe they are the ideal partner to support our vision." This relationship underscores a shared goal of excellence in client service and operational performance.
Alongside the investment, Colchester Partners acted as Novare’s exclusive financial advisor, while Moore & Van Allen provided legal counsel—ensuring that both the strategic and legal frameworks of this alliance are robust and effective.
Novare Capital Management remains dedicated to providing comprehensive wealth management services, including investment and tax planning, estate preparation, and retirement strategies, tailored for families and individuals nationwide. Serving over 500 families, the firm exemplifies commitment to enriched wealth management, emphasizing personalized attention and bespoke services.
As Emigrant Partners continues to invest in promising firms, its partnership with Novare is anticipated to enhance both firms' positions in the wealth management sector, facilitating their collective growth and success in serving clients effectively. The collaboration of these two firms symbolizes a proactive approach to navigating the complexities of wealth management in today’s financial landscape, aiming to create enduring value for their clients and stakeholders alike.
Headquartered in Charlotte, North Carolina, Novare has carved a niche for itself as an independent wealth management firm, emphasizing a client-centric approach since its inception in 1999 by founders Bill Baynard and Don Olmstead. Notably, Novare has been acknowledged as one of the top registered investment advisors (RIAs) by Forbes, a testament to its exceptional service and expertise in the industry.
With the fresh capital infusion from Emigrant Partners, Novare is poised to accelerate its expansion plans, primarily targeting opportunities across the Southeastern United States. The investment will not only provide the necessary capital but will also involve strategic advisory support aimed at empowering Novare’s leadership team to effectively navigate the competitive wealth management landscape.
"We are thrilled to welcome Novare to the Emigrant Partners network," stated Jenny Souza, CEO and President of Emigrant Partners. This sentiment illustrates the mutual respect and optimism shared between the two firms, particularly with Novare’s strategic approach to managing intergenerational family wealth—a growing concern among affluent households seeking long-term financial security.
Mr. Baynard, Managing Director at Novare, expressed his enthusiasm regarding the partnership: "Our primary objective has always been to deliver high-quality, tailored wealth management services in a boutique setting. The partnership with Emigrant allows us to uphold our independence while strategically investing in our firm to remain competitive in this evolving industry." This highlights Novare's commitment to maintaining its unique identity and service ethos amidst growth.
Furthermore, Mr. Olmstead emphasized the significance of this investment for Novare, stating, "This is a pivotal moment for our team. It offers remarkable opportunities that will benefit both our clients and employees. With Emigrant's unique understanding of our client relationships, we believe they are the ideal partner to support our vision." This relationship underscores a shared goal of excellence in client service and operational performance.
Alongside the investment, Colchester Partners acted as Novare’s exclusive financial advisor, while Moore & Van Allen provided legal counsel—ensuring that both the strategic and legal frameworks of this alliance are robust and effective.
Novare Capital Management remains dedicated to providing comprehensive wealth management services, including investment and tax planning, estate preparation, and retirement strategies, tailored for families and individuals nationwide. Serving over 500 families, the firm exemplifies commitment to enriched wealth management, emphasizing personalized attention and bespoke services.
As Emigrant Partners continues to invest in promising firms, its partnership with Novare is anticipated to enhance both firms' positions in the wealth management sector, facilitating their collective growth and success in serving clients effectively. The collaboration of these two firms symbolizes a proactive approach to navigating the complexities of wealth management in today’s financial landscape, aiming to create enduring value for their clients and stakeholders alike.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.