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.

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