SCOTTSDALE, Arizona–(BUSINESS THREAD)–Redwood Investment Managementan institutional investment management firm that works exclusively with financial advisors to deliver RiskFirst® solutions, will expand the scope and reach of these solutions with From the merchant association
Redwood pioneered the RiskFirst® investment philosophy and process that enables financial advisors to deliver better results for clients. Rooted in the understanding that client success begins with appropriate and achievable expectations based on the manageable variable of “risk,” Redwood offers advisors a comprehensive, turnkey solution set. These solutions have helped Redwood evolve into a diversified financial services firm that manages $2.4 billion in assets, serving a robust community of over 300 independent advisors. The business partnership will add capital solutions for growth and succession planning to this value proposition.
Tim Bello, co-founder and managing partner of Merchant, said: “With Messinger’s insight, advisor understanding and overall leadership, Richard Duff’s history in asset management and business management and skill set Michael Cheung’s analytics, we wanted to partner from the beginning.”
“There is so much energy, intelligence and commercial application in what they do, how they manage money and hire advisers, we at Merchant sensed something special and worked hard to find a way into the partnership,” he said beautiful
Marc Spilker, executive chairman of Merchant, said: “Having spent my career in the investment management and wealth management space, I have found that companies like Redwood are extremely rare.” Spilker added: “It is a client experience focused organization that empowers financial advisors with a differentiated offering that is much more than investments. All of us at Merchant have already engaged and started working on the initiatives identified with the ‘Redwood team to further enhance the financial advisor and client experience.’
Prior to Merchant, Spilker was President of Apollo Global Management following a 20-year career at Goldman Sachs, where he served as Co-Head of the Investment Management Division (IMD) and was a member of the Management Committees and Company Risk.
Michael Messinger, founder of Redwood, said, “We are excited to partner with Merchant in our shared vision to improve financial advisory practices and client outcomes. With the Merchant team’s deep experience and capital commitment to advisor growth and succession planning, our ability to partner with financial advisors has expanded and accelerated dramatically.”
The partnership with Redwood brings Merchant’s affiliated companies to 60 and the combined AUM of these affiliates to approximately $140 billion.
Berkshire Global Advisors served as financial advisor to Redwood.
ABOUT Redwood Investment Management
Redwood Investment Management is an institutional investment management firm that provides RiskFirst® investment solutions to financial advisors and their clients through Redwood Mutual Funds, LeaderShares® ETFs and Risk Budget Model Portfolios engineering www.redwoodim.com
Merchant is a private partnership that provides growth capital, management resources, strategic opportunities and direction to independent financial services firms, particularly those focused on wealth and asset management. For additional information, visit www.merchantim.com.