Emigrant Partners Boosts Novare Capital with Strategic Investment
Emigrant Partners Expands Presence with Novare Capital Investment
Emigrant Partners, a leader in the wealth and asset management industry, has recently announced an investment in Novare Capital Management, a prominent independent firm managing $1.8 billion in assets. This strategic partnership is set to empower Novare's growth while reinforcing its mission to serve families and individuals across the nation.
Empowering Novare's Growth and Leadership
The capital infusion from Emigrant Partners is poised to accelerate Novare's objectives, enabling the firm to expand its services and enhance client offerings. Novare is not just eyeing growth but is focused on maintaining its independence throughout this journey.
Novare's Vision and Market Positioning
Founded in 1999 by industry veterans Bill Baynard and Don Olmstead, Novare quickly rose to prominence in the wealth management landscape. The recent recognition as a notable firm in the industry by Forbes is a testament to its commitment and effectiveness. Emigrant’s support adds another layer of strategic advice, allowing Novare to further define its long-term vision.
A Partnership Rooted in Understanding
Jenny Souza, CEO and President of Emigrant Partners, expressed enthusiasm about the partnership, emphasizing Novare's deep expertise and strategic approach to managing wealth. This mutual understanding of client relationships will play a crucial role in enhancing Novare’s offerings.
Strategic Opportunities in the Southeast
With this investment, Novare explores avenues for strategic expansion within the Southeast region. This growth is particularly significant as it presents new opportunities that will benefit clients and employees alike.
Investing in People and Services
The investment is seen as a catalyst for Novare to deepen its resources and enhance its service delivery. Mr. Olmstead emphasized the importance of this moment for Novare, highlighting how it enables the firm to invest more into their team and client services.
Novare's Client-Centric Approach
Novare Capital Management remains committed to offering quality and customized wealth management services. This partnership positions Novare to uphold its philosophy of operating as a boutique firm, characterized by personalized attention to its clients.
Emigrant Partners: A Key Player in Wealth Management
Emigrant Partners is recognized for making non-voting minority investments in wealth and alternative asset management. With partnerships across 20 firms managing an impressive $113 billion in combined AUM/AUA, they are dedicated to crafting tailored solutions that empower their partner firms.
About Novare Capital Management
Novare Capital Management is an independent, employee-owned Registered Investment Advisor (RIA). Founded with the aim of being client-focused, Novare's wealth management services include investment management, tax planning, retirement planning, and estate planning. With a rich history of service, the firm is dedicated to creating tailored financial experiences for over 500 families.
About Emigrant Partners, LLC
Emigrant Partners is a specialist capital and advice partner focused on wealth and alternate asset management businesses. Their unique approach allows firms to retain control while optimizing their strategic decisions. As a subsidiary of Emigrant Bank, they are closely tied to the Milstein Companies, further enhancing their investment capabilities.
Frequently Asked Questions
1. What is the purpose of Emigrant Partners' investment in Novare?
The investment aims to provide Novare with capital and strategic guidance to support growth while maintaining its independence.
2. Who founded Novare Capital Management?
Novare was founded in 1999 by Bill Baynard and Don Olmstead.
3. How much assets does Novare manage?
Novare Capital Management manages approximately $1.8 billion in assets.
4. What type of services does Novare offer?
Novare offers wealth management services including investment management, tax planning, and estate planning.
5. What is the significance of this partnership for Novare?
This partnership is significant as it allows Novare to invest more deeply in their services and expand their capabilities in a competitive market.
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