Wednesday, 25 May 2016
Last updated 23 min ago
Aug 19 2014 | 1:02pm ET
Houston, Tex.-based Kanaly Trust has partnered with Meritage Capital to offer alternative investment solutions to its high-net-worth investors.
“As Kanaly sees itself as a firm that listens to clients and advises them on innovative ways they can meet their investment goals, we believe that incorporating alternative investment strategies into a portfolio can improve returns and hedge risks associated with today’s elevated stock and bond prices,” said Kanaly CIO James Shelton in a statement.
“The partnership will provide clients with an experienced sub-advisor on alternatives, and specialized managers who are broadly diversified to seek to deliver compounded growth.”
“Meritage firmly believes that a tailored hedge fund allocation is an integral component to a well-diversified portfolio for individuals and institutions,” said Meritage CIO Joe Wade in a statement. “We are enthusiastic in extending our relationship with a highly experienced wealth management advisor like Kanaly in offering alternative investment solutions to clients.”
Founded in 1975 by Deane Kanaly, Kanaly Trust is a comprehensive wealth management firm managing and advising over $2 billion of assets.
Meritage Capital was founded in 2003 and is owned by three family offices. The firm, with $1.1 billion in assets under management, specializes in differentiated hedge fund solutions for a global client base, including family offices, high-net-worth individuals and institutions.