SlateStone Wealth Partners with Temperance for Growth
SlateStone Wealth, LLC, a Registered Investment Adviser (RIA), is embarking on a promising new journey with its strategic partnership with Temperance Partners, a well-respected private investment firm. This collaboration is designed to help SlateStone take advantage of the support and capital from Temperance, allowing them to enhance their service offerings and foster future growth.
Exciting Growth Opportunities Ahead
This partnership opens up a range of exciting possibilities for SlateStone, enabling the firm to pursue both organic and inorganic growth paths. The investment will allow SlateStone to enhance its technology capabilities, recruit top talent, and create customized family office services tailored for high-net-worth clients. This ambitious growth strategy reflects a strong commitment to delivering outstanding client service and innovative financial solutions.
A Partnership Built on Trust and Shared Values
Kevin Tice from Temperance Partners emphasized that their investment strategy focuses on collaborating with like-minded individuals who share common cultural values. His comments highlight the long-standing relationship between Temperance and the SlateStone team, showcasing mutual respect and excitement 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, shared his enthusiastic response to this partnership. He highlighted the strong relationships that have developed over the years with key Temperance personnel, including Kevin Tice, Paul Sorbara, and Jason Seltzer. For Tylander, this investment represents a blend of respect and a shared commitment to the foundational values on which SlateStone has been built.
A Crucial Collaboration
Sherri Daniels, Co-Founder and Co-CEO of SlateStone, noted the significance of this collaboration, stating, "This collaboration with Temperance Partners comes at a pivotal time in our growth trajectory." She explained how this partnership reinforces the firm's dedication to expanding its wealth management services, including unique alternative investments that resonate with their client base.
Understanding SlateStone Wealth
SlateStone Wealth specializes in offering services to high-net-worth and ultra-high-net-worth individuals and their advisors, providing a comprehensive range of wealth management solutions. With a strong portfolio, currently managing about $1.91 billion in assets, the firm focuses on tailored asset management strategies that integrate both traditional and alternative investments.
About SlateStone Wealth
Founded in 2017 by Patrick Tylander and Sherri Daniels, SlateStone has quickly built a reputation as a trusted partner in investment and wealth management. Operating with a client-centered philosophy, the firm emphasizes personalized services that cover everything from asset management to estate and legacy planning. Their success stems from a highly qualified team with deep experience in the investment advisory domain.
About Temperance Partners
Established in 2011, Temperance Partners is a private investment firm recognized for its long-term investment philosophy and commitment to partnering with companies that exhibit superior management. Their focus includes investments primarily in financial services firms that together manage around $25 billion in client assets. By aligning with companies that demonstrate a proven history of success, Temperance is well-positioned for a promising future in the financial services industry.
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.
