Harrison Street Launches Innovative Private Wealth Division
Harrison Street Asset Management, known for its expertise in alternative investments, has recently rolled out a dedicated private wealth division, marking a significant expansion in its offerings. With the rebranding and integration of its subsidiary, Versus Capital Advisors, this new platform aims to cater to wealth managers, financial advisors, and high-net-worth investors with tailored investment opportunities.
Leadership and Vision for Private Wealth
The division, aptly named Harrison Street Private Wealth, will be spearheaded by seasoned professionals Mark Quam, Bill Fuhs, and Casey Frazier, all eager to leverage their expertise in servicing an expanding client base. This new initiative emphasizes their commitment to providing alternative investment strategies specifically designed to meet the needs of affluent clients seeking growth and stability.
Strategic Objectives of HS Private Wealth
Christopher Merrill, Co-Founder and Global CEO of Harrison Street, expressed his enthusiasm regarding this launch. He noted that this initiative not only strengthens their longstanding relationship with Versus but also enhances their ability to reach clients in the burgeoning private wealth sector. As they celebrate two decades of leadership within the realm of institutional alternative investments, their focus on broadening investor access to premium strategies remains steadfast.
Expert Team Enhancements
To meet the anticipated demands of this new private wealth sector, HS Private Wealth has recruited a team of highly experienced professionals. Chip Saltz, who previously held the position of Managing Director and Head of Distribution at Starwood Capital Group, will take on the role of Global Head of Distribution Services. He will be instrumental in developing strategies to enhance the firm's distribution capabilities.
Commitment to Quality and Performance
Alongside him, Scott Toohig, who comes from Lazard Asset Management, will join as Director of Advisory Services for the Northeast Region, and Adam Evans, also from Lazard, will fulfill a similar role focusing on the Southwest Region. This strengthened team signifies Harrison Street’s commitment to delivering exemplary service and innovative solutions to its wealth management clientele.
The Legacy of Harrison Street Asset Management
Harrison Street has firmly established itself as a leading global alternative investment management firm, managing assets totaling around $100 billion. The firm has built a robust reputation through its differentiated approaches encompassing infrastructure, real estate, and credit strategies. Their headquarters are based in key financial hubs, including Chicago and Toronto, with additional offices across North America, Europe, and Asia. This geographical diversity aids in delivering cutting-edge solutions tailored to diverse investor needs.
Recognition and Awards
Recognized for its outstanding workplace culture, Harrison Street has enjoyed accolades from various industry publications, being named one of the Best Places to Work for multiple years. The firm has also been honored with numerous awards from PERE, showcasing its excellence in the investment sector. This constellation of achievements reflects their unwavering dedication to fostering an environment conducive to both employee and client success.
Future Prospects
As Harrison Street paves the way for an exciting future with its new private wealth division, it remains devoted to leveraging its expertise to empower clients. The continued pursuit of innovative investment strategies promises to attract and retain a growing base of private wealth investors who seek stability and growth within a fluctuating market landscape. Their vision to integrate high-quality service with superior investment opportunities positions them uniquely within the market.
Frequently Asked Questions
What is the focus of the new private wealth division?
The division aims to provide alternative investment strategies and enhance accessibility for wealth managers and high-net-worth individuals.
Who leads the Harrison Street Private Wealth division?
The division is led by Mark Quam, along with partners Bill Fuhs and Casey Frazier, all experienced in investment management.
Where is Harrison Street's headquarters located?
Harrison Street is headquartered in Chicago and Toronto, with a strong presence across North America, Europe, and Asia.
What distinguishes Harrison Street from other investment firms?
Harrison Street is known for its commitment to alternative investments and its track record of strong returns for its investors, supported by a dedicated and experienced team.
How does Harrison Street ensure client satisfaction?
Through a skilled advisory team well-versed in diverse investment strategies, Harrison Street continually innovates to meet the evolving needs of its clients.
