Spruce Opens Atlanta Office, Hires Industry Vet

Jan 24 2012 | 9:27am ET

Stamford, Conn.-based wealth manager Spruce Private Investors has hired Courtlandt Bromwell Ault as a director in the portfolio management group.

Ault will be based in the firm’s new Atlanta office where he will be responsible for managing and building client relationships in the southeastern U.S.

Ault has over 30 years’ experience in the industry, including time as president and CEO of a U.S. family office and as national sales director and Southeast region head for Atlantic Trust.  Prior to joining Atlantic Trust, Ault spent 10 years with Bessemer Trust as managing director responsible for business development in Palm Beach as well as creation and development of the Naples, Florida and Atlanta, Georgia offices.

“We are delighted that Courtlandt has joined Spruce. Courtlandt is one of the most experienced executives in the wealth management industry and he shares our unwavering commitment to providing downside protection and active risk management to our clients,” said Spruce CEO and founder John Bailey in a statement. “His on-the-ground presence in the South will allow us to better serve our high-net-worth investors, family offices, endowments and foundations in the region.”
 
Spruce Private Investors serves as a chief investment officer for 45 family offices, foundations and endowments, advising on approximately $3 billion in broadly diversified portfolios.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note