Strategic Partnership Announced Between SlateStone Wealth & Temperance

SlateStone Wealth Partners with Temperance for Growth

SlateStone Wealth, LLC, a Registered Investment Adviser (RIA), is embarking on an exciting journey with its new strategic partnership with Temperance Partners, a reputable private investment firm. With this collaboration, SlateStone aims to leverage the support and capital provided by Temperance to enhance its service offerings and drive future growth.

Meaningful Growth Opportunities Ahead

This partnership opens up a world of potential for SlateStone, positioning the firm to explore both organic and inorganic growth opportunities. The investment will enable SlateStone to expand its technology capabilities, attract top talent, and develop tailored family office services that cater to high-net-worth clients. This growth strategy is rooted in a commitment to delivering exceptional client service and innovative financial solutions.

A Partnership Built on Trust and Shared Values

According to Kevin Tice from Temperance Partners, the core of their investment approach is to collaborate with like-minded individuals who share similar cultural values. His remarks highlight the longstanding relationship between Temperance and the SlateStone team, reflecting mutual respect and enthusiasm for this renewed partnership. Kevin stated, "We are delighted to become partners again with such an experienced and entrepreneurial group of people to help drive forward this next phase of SlateStone’s growth."

Excitement Among SlateStone Leadership

Patrick Tylander, Co-Founder and Co-CEO of SlateStone, expressed his enthusiasm regarding this partnership. He pointed out the enduring relationships developed over the years with Temperance’s key personnel like Kevin Tice, Paul Sorbara, and Jason Seltzer. For Tylander, this investment signifies a blend of respect and shared commitment to foundational values that SlateStone has built upon.

A Pivotal Collaboration

Sherri Daniels, Co-Founder and Co-CEO of SlateStone, emphasized the timeliness of this collaboration, stating, "This collaboration with Temperance Partners comes at a pivotal time in our growth trajectory." Sherri elucidated how this partnership strengthens the firm's commitment to expanding its wealth management services, which include unique alternative investments that appeal to its client base.

Understanding SlateStone Wealth

SlateStone Wealth specializes in serving high and ultra-high net worth individuals and their advisors, providing comprehensive wealth management solutions. With a robust portfolio currently holding approximately $1.91 billion in assets under management, the firm focuses on bespoke asset management strategies that blend traditional and alternative investments.

About SlateStone Wealth

Founded in 2017 by Patrick Tylander and Sherri Daniels, SlateStone has rapidly established itself as a trusted partner in investment and wealth management. The firm operates with a client-centered philosophy, emphasizing personalized services ranging from asset management to estate and legacy planning. Its success is attributed to a team composed of highly qualified professionals with extensive experience in the investment advisory field.

About Temperance Partners

Temperance Partners, established in 2011, is a private investment firm known for its long-term investment philosophy and commitment to partnering with firms possessing superior management. Their focus includes investments primarily in financial services companies that collectively manage around $25 billion in client assets. By aligning with firms that demonstrate a proven track record of success, Temperance is well-positioned for a promising future in the financial services sector.

Frequently Asked Questions

What prompted the partnership between SlateStone and Temperance?

The partnership aims to leverage mutual strengths for enhanced growth and service offerings, allowing SlateStone to expand its capabilities and client services.

What will the investment from Temperance enable SlateStone to do?

The investment will facilitate opportunities for growth, technology integrations, talent acquisition, and the development of custom family office services.

Who is involved from Temperance Partners in SlateStone's Board of Directors?

Kevin Tice and Jason Seltzer from Temperance Partners will be joining the Board of Directors of SlateStone to provide guidance as minority shareholders.

What is the primary focus of SlateStone Wealth?

SlateStone focuses on comprehensive wealth management, including both traditional and alternative investments, catering specifically to high and ultra-high net worth clients.

When was SlateStone Wealth founded?

SlateStone Wealth was founded in 2017 by Patrick Tylander and Sherri Daniels, who brought years of experience in the investment advisory field to the firm.

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