DEFAULT CLOSED HIDDEN
PODCAST – CINDY STEEB, JD, MBA, SENIOR MANAGING DIRECTOR ON TAMARIND LEARNING PODCAST
Cindy Steeb, JD, MBA, Senior Managing Director, Trust Administration at Clearstead recently joined The Tamarind Learning podcast with Kirby Rosplock to discuss family trust companies and Cindy’s book.
You can listen to the episode here: https://tamarindlearning.com/podcasts/family-trust-companies-preserving-multigenerational-wealth/
PRESS RELEASE - Clearstead Advisors Announces Acquisition of Wilbanks Smith and Thomas
PRESS RELEASE: Clearstead Advisors Announces Acquisition of Wilbanks Smith and Thomas
Clearstead Advisors, LLC, a leading registered financial advisor (“RIA”), has acquired the assets of Wilbanks Smith and Thomas Asset Management, LLC (“WST”), a Norfolk, Virginia based wealth and investment management firm with over $5 billion of assets under management. Read more about the acquisition by clicking on the link below.
PRESS RELEASE: Clearstead Advisors Announces Acquisition of Wilbanks Smith and Thomas
PODCAST - Clearstead President Brad Knapp and Clearstead Trust COO Ken Morgan on Westfield Bank’s Sharing Knowledge Series
Brad Knapp, President of Clearstead, and Ken Morgan, Chief Operating Officer of Clearstead Trust, recently joined Westfield Bank’s podcast Wealth Management and Preservation: Sharing Knowledge Series Episode 27 to discuss various nuances of wealth management.
You can stream the full episode here: https://hubs.ly/Q02qy5wV0
Clearstead Named to 2024 NAPA Top DC Advisor Teams
We’re honored to share that Clearstead has been named to the 2024 NAPA Top DC Advisor Teams!* https://www.napa-net.org/napa-top-dc-advisor-teams-2024
This is the third year that Clearstead has been on the list.
*The National Association of Plan Advisors (NAPA) Top DC Advisor Teams list is an independent listing produced annually by NAPA. The data reported was as of 12/31/2022. The NAPA Top DC Advisor Teams list is based on self-reported data from RIA firms, regulatory disclosures and NAPA’s research. The listing is based on RIAs that provide services to defined contribution plans in the following primary areas: assets under advisement for DC plans supported, total number of DC plans supported, % of total firm revenue from DC plan support. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. While Clearstead is a member of NAPA, neither participating RIA firms nor their employees pay a fee to NAPA in exchange for inclusion in the NAPA Top DC Advisor Teams list.
PODCAST - Cindy Steeb, JD, MBA, Senior Managing Director on The Heritage Institute’s “Trusted Advisor” Podcast Series
Curious to learn about why families set up family trust companies and how they can be a useful vehicle for wealth transfer?
We’re pleased to share that Cindy Steeb, JD, Senior Managing Director of Trust Administration at Clearstead joined The Heritage Institute’s “Trusted Advisor” podcast series to talk about her new book and FTCs: https://hubs.ly/Q02gYYdb0
PRESS RELEASE - Smartleaf Asset Management Announces Collaboration with Clearstead Advisors
Smartleaf Asset Management’s menu of personalized and tax-optimized investment capabilitiespoised to enhance and streamline portfolio management for $30.0 billion AUA Clearstead Advisors.
BOSTON – January 9th, 2024 – Smartleaf Asset Management, LLC (“SAM”), the RIA subsidiary of Smartleaf, today announced a strategic partnership with private wealth management and institutional investment consulting firm Clearstead Advisors (“Clearstead”). This collaboration, which will afford Clearstead clients with greater access to personalized and tax-efficient investment options – including direct indexes – marks a milestone in SAM’s ongoing efforts to empower financial professionals and firms to deliver outstanding portfolio management.
Under this strategic partnership, SAM will act as a subadvisor for Clearstead, which currently has more than $30.0 billion in assets under advisement. SAM’s responsibilities will encompass the ongoing review, rebalancing, and trading of Clearstead’s client portfolios. SAM will implement client personalization preferences set by the advisor, including custom product selection and cash management, as well as religious value, socially responsible investing (SRI) and security screens. Further, SAM will be responsible for implementing tax management, including tax-sensitive transitions, year-round loss harvesting and ongoing risk-sensitive gains deferral. In conjunction with its tax management, SAM will be providing a “Taxes Saved or Deferred Report” that enables advisors to document how much each account has saved or deferred in taxes through Clearstead’s active tax management.
“Smartleaf Asset Management is an entrepreneurial partner with flexibility, scale and provencapabilities,” said Aneet Deshpande, CFA, executive managing director and chief investment officer at Clearstead. “We couldn’t be more excited to work with them to provide greater personalization and tax optimization options for our advisors and their clients’ portfolios. This collaboration is entirely consistent with Clearstead’s planning-first approach with a focus on taxes.”
As part of its service, SAM will provide Clearstead with access to a broad range of direct indexes. Clearstead will also enjoy a nimbler ability to implement the directives of its investment policy committee.
“At Smartleaf Asset Management, we cater to firms that have moved beyond product, trade and performance-oriented value propositions, and instead strive to be their clients’ lifetime financial coach and guardian,” added Gerard Michael, president of Smartleaf Asset Management. “Clearstead exemplifies this client-centric approach, and we are thrilled to play a role in this ongoing journey.”
For more information about Smartleaf Asset Management, visit smartleafAM.com.
About Smartleaf Asset Management:
Smartleaf Asset Management, LLC (“SAM”), an SEC-registered advisor, is a subsidiary of Smartleaf, Inc. SAM leverages Smartleaf’s software to provide sub-advisory services that make delivering personalized and tax-optimized portfolios simple and scalable. For more information on SAM, visit smartleafAM.com or contact us at sales@smartleafAM.com.
About Clearstead Advisors:
Clearstead is an independent financial advisory firm serving wealthy families and leading institutions across the country. As a fiduciary, it provides wealth management services and investment consulting to enable clients to meet their financial objectives, achieve their aspirations, and build strong futures. Headquartered in Cleveland, Ohio, Clearstead integrates services into custom strategies through more than 150 employees with expertise in financial planning, tax planning and compliance, investment advisory, research, and trust services. The firm was founded in 1989 and has approximately $30.0 billion in assets under advisement. For more information about Clearstead, please visit clearstead.com.
Media Contacts:
StreetCred PR
smartleaf@streetcredpr.com
Meaghan McNichol
412-720-3777
meaghan@streetcredpr.com
Will Ruben
847-208-8289
william@streetcredpr.com
CFA SOCIETY CLEVELAND: GUARDIANS OF FINANCE PODCAST - EPISODE FEATURING DAVE FULTON
Dave Fulton, Co-Chairman and CEO of Clearstead, recently joined the CFA Society of Cleveland’s podcast, Guardians of Finance, to discuss his background and growth at Clearstead.
Check out the episode here: https://player.captivate.fm/episode/1c03f6dc-ceda-4f24-89e7-625efd1c4a1d
SMART BUSINESS INSIGHTS - DECEMBER 2023
For families who are seeking options to protect and control family wealth across multiple generations, a Family Trust Company (“FTC”) is one option they could consider.
In their December issue, Smart Business shares some insights from Cindy Steeb, JD, MBA, Senior Managing Director on what an FTC is and who should use one: http://www.smartbusinessemag.com/publication/?collection_id=19&m=65633&i=808821&p=60&ver=html5
ANNOUNCING NEW INDIVIDUALS JOINING CLEARSTEAD
We are pleased to share that there are new individuals joining Clearstead’s Institutional Consulting and Private Wealth Management groups. See more information here.
CRAIN'S CLEVELAND 2023 WEALTH MANAGEMENT SECTION
Cindy L. Steeb, JD, MBA, Senior Managing Director shares information about trusts in her article “Definitions and Rationale for Creating a Trust.”
PRESS RELEASE: Clearstead Acquires the Business of CLS Consulting, LLC
Dave Fulton, Chairman and CEO FOR RELEASE 4/13/2023
Clearstead Advisors, LLC.
(216) 621 – 1090
info@clearstead.com
Clearstead Acquires the Business of CLS Consulting, LLC
Cleveland, OH: Clearstead Advisors, a private wealth management and institutional investment consulting firm, has acquired the business of a local high-performing consulting firm as part of its continued strategy to grow through acquisitions. This is the third acquisition Clearstead has made since Flexpoint Ford’s majority investment in February 2022.
In March 2023, Clearstead signed an agreement to acquire the business of CLS Consulting, LLC, a consulting firm founded by Ms. Cindy Steeb in 2017. Ms. Steeb advises high-net-worth individuals, private family trust companies, and family-owned businesses on estate planning and fiduciary matters. She is a nationally recognized leader in fiduciary services, having been a pioneer in the development of single-family trust companies in Ohio. Ms. Steeb has served as an advisor and trustee to several family trust companies and is a regular speaker at industry conferences.
Of this acquisition, Clearstead Chairman and CEO Dave Fulton said, “Cindy Steeb’s commitment to excellence fits the Clearstead culture – our scale and capabilities will help her clients and she brings personal and technical skills to us to expand our offerings.”
Ms. Steeb said, “I look forward to joining the Clearstead team and working together to build a significant wealth management business.”
Cindy Steeb will join Clearstead as Senior Managing Director, Trust Administration Services in the firm’s Private Wealth Management Group.
About Clearstead: Founded in 1989, Clearstead is an independent wealth management firm headquartered in Cleveland OH. Clearstead has in-house expertise to provide financial planning, tax planning, investment management, trust, family office, and OCIO services to private clients and institutions. Clients are served by 130 employees, of which 40 are employee partners. The firm has $26.6 billion in assets under advisement. For more information about Clearstead, please visit https://www.clearstead.com.
About CLS Consulting: Founded in 2017, CLS Consulting was a consulting firm that provides estate planning and fiduciary services to high-net-worth individuals, private family trust companies, and family-owned businesses. For more information on Ms. Steeb and CLS Consulting please visit https://www.clsconsultingllc.com/.
PRESS RELEASE: Clearstead Advisors Acquires Santa Fe-Based Avalon Trust
Dave Fulton, Chairman and Chief Executive FOR IMMEDIATE RELEASE 03/01/2023
Clearstead Advisors, LLC.
(216) 621 – 1090
info@clearstead.com
Clearstead Advisors Acquires Santa Fe-Based Avalon Trust
Cleveland, OH
March 1, 2023
Clearstead’s eighth acquisition will expand its presence in the Southwest and bolster its trust capabilities.
Clearstead Advisors (“Clearstead”), a private wealth management and institutional investment consulting firm, has acquired Avalon Trust (“Avalon”), a high-net-worth focused wealth management firm based in New Mexico with additional offices in Ridgewood, New Jersey, and Portland, Oregon. This acquisition reflects a continuation of Clearstead’s strategy to expand its national presence, bolster its value-added services, and add seasoned executives to its platform. Avalon expands Clearstead’s trust capabilities following Clearstead’s acquisition of Atlantic Trust in 2021. In addition, Avalon represents Clearstead’s second acquisition since Flexpoint Ford’s majority investment in February 2022.
The combined firm will oversee $28 billion of assets under advisement and management. Together, Clearstead and Avalon are well-positioned to provide clients and multi-generational families with a comprehensive suite of value-added services, including in-house and vertically integrated wealth management, trust, tax planning, alternative investments, and family office administration. This expertise is supported by best practices developed through 30+ years of experience providing first-class service.
Like Clearstead, Avalon is a client-focused, growth-oriented advisory business. Avalon offers highly customized solutions across investment management, trust, family office administration, and financial planning services to individuals, families, trusts, non-profits, and foundations. The firm, including its 13 employees, is managed by industry veterans Andrew Wallerstein, Christine McDermott, and Julia Peters, all of whom will continue as senior leaders in the combined firm. Through this combination, Avalon’s clients will gain access to tax planning, alternative investments, and other complementary services.
Clearstead Chairman and CEO Dave Fulton said, “We are excited to join forces with Avalon. Partnering with the Avalon team furthers our strategy of providing high net worth families across the United States a holistic and differentiated wealth management offering. The Avalon team members are outstanding individuals who have done a first-rate job in building a leading wealth management and trust business. In particular, Avalon’s focus on client values aligns with our Sustainable Clearstead initiatives. We are delighted to have them as partners.”
Andrew Wallerstein, Christine McDermott, and Julia Peters will become partners of Clearstead. Mr. Wallerstein said, “Partnering with Clearstead helps us expand our resources and strengthen services for our clients. By joining Clearstead, our next generation of team members will have more opportunities to grow and ensure we are able to work with our clients for many years to come.”
District Capital Partners served as the exclusive financial advisor to Clearstead on the transaction. Colchester Partners served as the exclusive financial advisor to Avalon Trust on the transaction.
About Clearstead: Founded in 1989, Clearstead is an independent, wealth management firm headquartered in Cleveland OH. Clearstead’s in-house financial planning, tax planning, investment management, trust, family office, and OCIO experts are focused on delivering best-in-class services to private clients and institutions. Clients are served by over 130 employees of which more than 40 are employee partners. The firm has $26 billion in assets under advisement and management. The firm tackles complex investment, financial, tax, and governance needs for institutional and private clients. For more information about Clearstead, please visit https://www.clearstead.com.
About Avalon Trust: Founded in 1998, Avalon Trust is a trust and wealth management firm headquartered in Santa Fe, New Mexico. With employees in New Mexico, New Jersey, and Oregon, Avalon manages approximately $2 billion in assets under management. Avalon provides investment management, trust services, and financial planning to families, trusts, and foundations nationwide. For more information about Avalon Trust, please visit https://www.avalontrust.com/.
PODCAST - Clearstead CEO Dave Fulton on Navigating Firm Ownership - with Rosemont Investment Group
Clearstead CEO Dave Fulton on Navigating Firm Ownership – Global Investment Leaders Podcast, Rosemont Investment Partners: https://rosemontinv.com/dave-fulton/
Investing in Clients: Clearstead Advisors, LLC to Launch Virtual Client Hub with eVestech
FOR IMMEDIATE RELEASE 11/1/2022
Dave Fulton, Chairman and Chief Executive
Clearstead Advisors, LLC.
(216) 621 – 1090
info@clearstead.com
Investing in Clients: Clearstead Advisors, LLC to Launch Virtual Client Hub with eVestech
Cleveland OH: On November 1, 2022, Clearstead Advisors, LLC, an institutional investment consulting and private wealth management firm announced a partnership with eCIO, Inc., a registered investment advisory firm based in Madison, WI, to use its eVestech platform as a centralized communications hub for institutional clients.
eVestech was initially developed by eCIO for use by its own RIA to conduct virtual quarterly investment committee meetings, report on performance and investment program progress, and post important fiduciary documents and records. eCIO now offers the platform as an enterprise SaaS solution for consultants, advisors, and family offices.
Clearstead will utilize eVestech to enhance client reporting, communication, and education. It will become the central hub for clients to access performance reports, investment committee and board deliverables, and Clearstead investment research.
Clearstead will leverage the portal for timely communication of market trends and portfolio commentary to both traditional consulting and OCIO clients. The hard copy reports and deliverables will be augmented with video content from Clearstead professionals customized to each unique institutional investment committee. This content will be a supplement to and not a replacement for the meetings Clearstead holds with institutional clients.
“eVestech represents a natural progression for how the industry will communicate with and advise institutions. Clearstead will always prefer, and be committed to, in-person meetings with investment committees, but investment committee attitudes and preferences regarding the frequency of in-person meetings has changed since the COVID-19 pandemic” says Mike Shebak, Head of Institutional Consulting and Senior Managing Director at Clearstead. He adds, “Virtual interaction and digital content consumption have become more common place and acceptable. Clients expect their OCIO to succinctly communicate market views, portfolio updates, and ensure fiduciaries maintain context and familiarity with their institution’s portfolio. Our partnership with eCIO will allow us to keep pace with the evolving preferences in the institutional marketplace.”
“eCIO is pleased to partner with Clearstead to provide the latest investment technology and support their commitment to outstanding client service,” says Rob Roquitte, CEO at eCIO. “The pandemic sharply accelerated digital adoption and as the industry-leading communication platform, eVestech enables Clearstead to drive stronger client engagement across all communication channels. It is a clear indication of the importance Clearstead places on its client relationships and its commitment to innovation,” said Roquitte.
Clearstead will roll-out eVestech to a small number of beta clients in January 2023, before being offered to all Clearstead’s institutional clients, and some of the firm’s private clients, throughout the year.
About Clearstead: Clearstead is an institutional investment consulting and private wealth management firm, founded in 1989 and headquartered in Cleveland, OH with approximately $31.5 billion in assets under advisement (AUA) as of 12/31/2021. With 130 employees, the firm tackles complex investment, financial, tax and governance needs for institutional and private clients.
About eCIO: With decades of experience in the investment management and financial technology industries, eCIO’s team founded the firm to more efficiently deliver investment solutions to institutional investors. They built eVestech to be the centralized communication hub between investment advisors and their clients. Today, the eVestech platform drives connections between thousands of investors and their advisors.
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Clearstead Advisors’ Strategic Growth: Acquires Scott Snow (financial advisors) LLC
FOR IMMEDIATE RELEASE 8/1/2022
Dave Fulton, Chairman and Chief Executive
Clearstead Advisors, LLC.
(216) 621 – 1090
info@clearstead.com
Clearstead Advisors’ Strategic Growth: Acquires Scott Snow (financial advisors) LLC
Cleveland, Ohio: Clearstead Advisors, LLC, a Cleveland-based institutional and private client financial advisory firm, has acquired a local high performing wealth management firm as part of its continued strategy to grow through acquisitions. This will be the sixth acquisition Clearstead has made in the past seven years. This firm will add about $530 million to Clearstead’s current $31 billion under advisement.
On June 30, Clearstead signed a definitive agreement to acquire Scott Snow (financial advisors) LLC, a Westlake-based private wealth management firm founded by Scott Snow in 2005. Snow advises high-net-worth families and provides holistic financial and tax planning services.
Of this acquisition, Clearstead Chairman and CEO Dave Fulton said, “Scott Snow has done a fabulous job building his firm and has provided his clients with his expertise in investments, taxes, and financial planning.”
Scott Snow will join Clearstead as Senior Managing Director and Partner in the firm’s Private Wealth Management Group. Mr. Snow said, “Clearstead is a nationally recognized and well-respected wealth management firm, and I look forward to joining such a talented group of people and enhancing our overall client success.”
Snow will operate under the Clearstead Advisors, LLC name and keep its current location in Westlake.
District Capital Partners served as the exclusive financial advisor to Clearstead on the transaction.
About Clearstead: Clearstead is an institutional investment consulting and private wealth management firm, founded in 1989 and headquartered in Cleveland OH. With over 120 employees, the firm tackles complex investment, financial, tax and governance needs for institutional and private clients.
About Scott Snow (financial advisors) LLC: Snow is a private client wealth advisory firm located in Westlake, Ohio. The firm provides investment management and financial and tax planning services for families and individuals, advising about $530 million in investment assets.
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Flexpoint Ford Announces Majority Stake Agreement with Cleveland-based RIA Clearstead Advisors
PODCAST - Beyond COVID-19: Investment Planning Strategies to Implement Now - Better Business with Barnes
Featuring Mike Shebak, Head of Institutional Consulting, Senior Managing Director
PRESS RELEASE: Clearstead Advisors Continues Steady Growth, Acquires Burkhart & Co.
Dave Fulton, Chief Executive and Chairman FOR IMMEDIATE RELEASE 10/06/2021
Clearstead Advisors, LLC.
(216) 621 – 1090
info@clearstead.com
Clearstead Advisors Continues Steady Growth, Acquires Burkhart & Co.
Cleveland OH: On October 2, 2021, Clearstead Advisors, an institutional investment consulting and private wealth management firm, acquired Burkhart & Co., a local private client advisory firm. Burkhart & Co. is based in Cleveland Heights and focuses on advising private clients on investments, insurance, and financial plans. It has been in business for over twenty years and serves more than 150 clients in Ohio and 28 other states.
Of this acquisition, Clearstead Chief Executive and Chairman Dave Fulton said, “We are delighted that Eileen Burkhart and her team are joining Clearstead. They are a top-quality group and will contribute to our client service efforts.”
The acquisition comes as a part of Clearstead’s strategic growth efforts and adds seven professionals to the firm’s 104 employees. Recently, Clearstead also expanded its physical space in downtown Cleveland to accommodate its on-going growth and the addition of Burkart & Co.
About Clearstead: Clearstead is an institutional investment consulting and private wealth management firm, founded in 1989 and headquartered in Cleveland OH. With over 100 employees and nearly 40 employee shareholders, the firm tackles complex investment, financial, tax and governance needs for institutional and private clients.
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CRAINS CLEVELAND: Estate Planning Editorial 2020
FIN News: Investors Should Vote for Long-Term In Assessing Election Fallout
CRAINS CLEVELAND: Estate Planning Editorial 2019
“Maintaining a Legacy: Expert Advice, Education Key to Successful Transfer of Wealth or a Business” authored by Clearstead’s Greg Althans, CPA/PFS, CFP, Senior Managing Director, and Greg Lonczak, CFP, Managing Director.
PRESS RELEASE CLEARSTEAD ANNOUNCES APPOINTMENT OF BUSINESS EXECUTIVE AND CIVIC LEADER, MARILYN EISELE, TO MANAGEMENT COMMITTEE
CLEARSTEAD ANNOUNCES APPOINTMENT OF BUSINESS EXECUTIVE AND CIVIC LEADER, MARILYN EISELE, TO MANAGEMENT COMMITTEE
Highly sought-after executive will help guide firm on growth, operations as Clearstead nears its 30th birthday
(CLEVELAND, OH) Apr. 17, 2019 Clearstead Advisors, LLC., an institutional and private client advisory firm headquartered in Cleveland, announced today the addition of business executive and civic leader, Marilyn Eisele, to its Management Committee, the governing board of the firm.
“Marilyn Eisele is a sought-after executive who has led new companies and technologies and is an established civic leader who serves on significant local and state boards,” said Dave Fulton, Chief Executive of Clearstead.
As the current president of BIOHM Health LLC, Marilyn oversees all operations and brings her expertise in strategy, scaling, and professionalizing workforces to a rapidly growing microbiome sequencing and products company focused on gut health. Marilyn is a certified public accountant and co-founder of NEO CFO, a group of Northeast Ohio financial officers who meet monthly to share best practices in business, technology, and leadership. Her civic leadership extends to numerous institutions, including Laurel School and Bowling Green State University, where she serves as a governor-appointed trustee.
“Clearstead has a long and successful record serving institutions and families. I’m delighted to be joining its Board,” says Eisele.
Founded in 1989 as an institutional investment consulting firm, Clearstead advises approximately $20 billion for institutional and private clients in 36 states. Over the past three years, the firm has expanded employee count by 34 percent – to nearly 80 employees — while assets under management have nearly doubled. Recent acquisitions have expanded the firm’s geographical reach, and a strategic investment from Rosemont Capital two years ago allowed the firm to increase individual employee ownership from 13 to 33.
About Clearstead
Clearstead is an institutional and private client advisory firm that provides financial solutions to help clients exceed their aspirations, and build stronger legacies for their families, their communities, and themselves. The firm is an independent, fee-only advisor, and employs nearly 80 professionals who tackle complex investment, financial, tax, and governance needs for private and institutional clients.
PRESS RELEASE: CLEARSTEAD ANNOUNCES CHANGES TO BOARD, LEADERSHIP STRUCTURE AS COMPANY PREPARES FOR CONTINUED GROWTH
CLEARSTEAD ANNOUNCES CHANGES TO BOARD, LEADERSHIP STRUCTURE AS COMPANY PREPARES FOR CONTINUED GROWTH
The institutional and private client financial advisory firm, which recently rebranded and bolstered its Outsourced Chief Investment Officer (OCIO) practice and industry thought leadership, focuses on talent with its newest board member
(CLEVELAND, OH) Feb. 20 Clearstead Advisors, LLC., an institutional and private client advisory firm headquartered in Cleveland, announced today the addition of civic entrepreneur Jennifer Coleman to its Management Committee, the governing board of the firm.
Jennifer is former chair of both the Cleveland Landmarks Commission and Downtown/Flats District Design Review Board, and has helped launch and lead innovative programs dedicated to improving the quality of life, history, and culture of the Cleveland area. In her current role as senior program officer for The George Gund Foundation, Jennifer oversees arts grantmaking for the foundation.
“Today marks a milestone in building a richer culture at Clearstead,” said CEO Dave Fulton. “As a firm that advises billions of dollars for institutional clients, wealthy families, and entrepreneurs, we must continue to attract top intellectual talent. Jennifer Coleman is an accomplished and energetic civic leader – she will be a fabulous addition to our team.”
“I’m thrilled to be appointed during this exciting time at Clearstead,” said Coleman. “I’m particularly interested in adding a new voice to the Management Committee that challenges leadership to continue to innovate and connect and adapt to the needs of institutions and wealthy families.”
Coleman replaces Nancy Heinen, who has served the firm for over 10 years and helped to jumpstart the firm’s EmpowHER initiative, which commits firm resources to develop the leadership of women through mentoring, networking, and professional and personal development.
“I want to thank Nancy for her dedication to the employees and clients of Clearstead,” said Fulton. “Among Nancy’s contributions was her work with female employees to launch EmpowHER. Women shareholders have doubled and hold senior leadership positions across the firm.”
In addition to the board appointment, Fulton announced two other leadership changes to position the firm for strategic growth. Mike Moss, who formerly served as a director for Private Client Services, has been named to a new position, Senior Managing Director and Head of Client Services. In this role, Moss will oversee planning, tax, portfolio management and reporting departments. In addition, Brad Knapp has been named Senior Managing Director and Head of the Private Client Group. In this role he will oversee all aspects of client service delivery and business development for Clearstead’s private client group.
Founded in 1989 as an institutional investment consultant firm, Clearstead has grown both organically and inorganically, and now advises over $20 billion for institutional and private clients in 36 states. Over the past three years, the firm has expanded employee count by 34 percent – to nearly 80 employees — while assets under management have nearly doubled. Recent acquisitions in Portland, Maine and Columbus, Ohio, have expanded the firm’s geographical reach, and a strategic investment from Rosemont Capital two years ago allowed the firm to increase employee ownership from 13 to 28.
Recently, the firm has bolstered service offerings in specialized areas including its customized outsourced chief investment officer practice (OCIO). It is also expanding communications regarding its wealth management consultant services to next-generation clients. At the heart of these efforts lies the firm’s dedicated in-house research team, which drives advice and decision-making through a rigorous combination of both quantitative and qualitative analysis.
About Clearstead
Clearstead is an institutional and private client advisory firm that provides solutions so clients can exceed their aspirations, and build stronger legacies for their families, their communities, and themselves. We accomplish this goal with our independent firm employing nearly 80 professionals who work together to tackle the complex investment, financial, tax, and governance needs of our private and institutional clients.
We bring our clients objective financial leadership through our fee-only advisory model, which enables us to remain objective. As an independent investment advisor, we do not offer proprietary products and do not take commissions from the investments we recommend: our only source of revenue is fees we receive for providing financial advice. True to our founding principles, we’re here to do the hard work: the day-to-day investment management integrated with organizational priorities and family aspirations.
Apple and China: Clearstead’s Senior Managing Director talks to YahooFinance about what’s moving the world of finance
Clearstead’s Jim Awad joined YahooFinance’s Adam Shapiro live in New York City to discuss market trends in the world of finance. The segment focused largely on how the Chinese economy and U.S.-China trade war is impacting the global economy. Awad gave insights relative to FoxConn’s recent announcement that they will be shifting iPhone production from China to India, signaling a chilling of U.S. companies who may be looking to diversify their supply chains amid the trade war.
“This is a diversification and makes sense over the long term. Remember that there was a point at which Japan’s economy was feared in the 70s by the U.S. as its government was largely centralized like China is today. The bottom line is that companies moving supply chain out of China will be both strategic and incremental.”
Regarding the trade war, Awad believes resolution is near.
“U.S. markets today are spooked by weekend numbers showing a slowing Chinese economy. This means that both the U.S. and China have market incentive to focus on getting the trade issues resolved.”
CRAINS CLEVELAND: Hartland rebrands as Clearstead Advisors
10-22-18 PRESS RELEASE: LONG-STANDING FINANCIAL SERVICES FIRM REBRANDS TO ‘CLEARSTEAD’
PRESS RELEASE
LONG-STANDING FINANCIAL SERVICES FIRM REBRANDS TO ‘CLEARSTEAD’, REFLECTING STRATEGIC GROWTH AND EMERGING NATIONAL LEADERSHIP IN INSTITUTIONAL AND PRIVATE CLIENT SERVICES
Firm expands its Outsourced Chief Investment Officer (OCIO) practice; increases industry thought leadership with first of several roundtable discussions to take place today
(CLEVELAND, OH) Oct. 23 Hartland & Co., LLC, an institutional and private client advisory firm headquartered in Cleveland, today announced a strategic rebranding to reflect significant growth in the firm’s capability and reach. Beginning today, Hartland will now be known as Clearstead Advisors, LLC, marking an important milestone in the firm’s 29-year history: Its emergence as a national leader in institutional and private client advisory services. The rebranding will kick off with the first of several planned ClearPoint Roundtables to take place today.
“The decision to rebrand resulted from the significant growth, both in reputation and scope, of our company since our inception nearly three decades years ago,” said Dave Fulton, Clearstead’s CEO. “What began as a small, proprietor-owned enterprise has grown first into a multi-regional firm, and now stands as an emerging national leader in institutional and private client advisory services. As we advise on several billions in assets for our institutional clients, our wealthy families and entrepreneurs benefit from our institutional approach to investments which includes a robust in-house research team. Our new brand is a natural progression reflecting that growth and communicates who we are as a company.”
Since its inception, the firm has bolstered service offerings in specialized areas including its customized outsourced chief investment officer practice (OCIO) . It is also expanding communications regarding its comprehensive wealth management services to next-generation clients. At the heart of these efforts lies the firm’s dedicated in-house research team, which drives advice and decision making through a rigorous combination of both quantitative and qualitative analysis.
Founded in 1989 as an institutional advisory firm, the firm has grown both through organic and inorganic growth and now advises on approximately $20 billion in assets — overseeing institutional and private clients in 36 states. Over the past three years, the firm has expanded in employee count by 34 percent — with nearly 80 employees — while assets under management have doubled during the same time period. Recent acquisitions in Portland, Maine and Columbus, Ohio, have expanded the firm’s geographical reach. And a strategic investment from Rosemont Capital two years ago allowed the firm to grow its employee ownership from 13 to 28.
With a brand tagline of “Steadfast Clarity For Your Complex World,” the new name is a conjunction of two important attributes of the financial advisory firm — clarity and steadfastness.
“We are advocates for our clients, nurturing steadfast relationships that lead with clarity and a thorough understanding of their personal and institutional objectives. Our firm has not been sold or acquired. We remain an employee and board member-owned firm and will continue to offer objective, independent, thoroughly researched advice that has been our hallmark since our inception,” continued Fulton.
The rebranding effort includes a focus on Clearstead’s institutional advisory services, namely its outsourced chief investment officer service — now known as Clearstead Prism — which has been augmented to provide engaged, customized solutions for institutions.
“We began providing outsourced solutions in 2011, when at the time the idea wasn’t widely popularized, but something that we customized for our clients who needed more autonomy to manage day-to-day challenges,” said Mike Shebak, Clearstead’s Head of Institutional Consulting. “As the concept has gained industry traction, our approach stands apart in our deep collaboration with our clients to clearly define objectives, quantify risk, create benchmarks, and explain all results. We do not take a one-size-fits-all approach because we view ourselves as an extension of the institution’s own team.”
The firm today also launched the first of its ClearPoint Roundtables and panels on timely industry topics, beginning with OCIO. Today’s first roundtable, “Discretionary Management: Finding an Appropriate Balance,” features Brad Whitehead, President, Fund for Our Economic Future, as well as a panel of experts from organizations ranging from Case Western Reserve University School of Law to Mt. Sinai Health Care Foundation.
In addition, the firm will continue communicating industry trends to its clients through its monthly publication, ClearPoint (formerly Standpoint), as well as other publications, and will broaden its communications to social media.
Other rebranded service offerings include:
ClearSight Tax and Financial Planning: Using the firm’s signature approach incorporating all aspects of the client’s investments, taxes, and financial planning, this service offers thoughtful, insightful advice customized to the client’s individual needs and objectives.
Clearstead EmpowHER: Originally known as the HEELS initiative, this groundbreaking commitment to advancing the careers of women at the firm and within the investment industry has expanded to encompass inclusiveness in recruiting, hiring, and firm decision making.
Clearstead Responsible Investing: With a rising number of organizations and individuals seeking to align their investments with their core values, Clearstead offers a comprehensive, layered approach to Responsible Investing that brings our signature rigor and research to bear on a strategy that is mindful of each client’s unique needs and goals. Our objective is to help each client realize optimal financial returns with investments that align with their core values and mission, following a clearly defined roadmap that delivers results across multiple points of measure.
About Clearstead
Clearstead is an institutional and private client advisory firm that is focused on providing superior solutions so our clients can exceed their aspirations, and build stronger legacies for their families, their communities, and themselves. We accomplish this goal with our authentic, steadfast, innovative and independent firm employing nearly 80 professionals who work together to tackle the complex investment, financial, tax, and governance needs of our private and institutional clients.
We bring our clients objective financial leadership through our fee-only advisory model, which enables us to remain objective. We do not offer proprietary products and take no commissions from the investments we recommend: our only source of revenue is fees we receive for financial advice. True to our founding principles, we’re here to do the hard work: the day-to-day investment management integrated with organizational priorities and family aspirations.
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Dave Fulton named Smart Women 2017 Advocate for Advancement
Hartland & Co. undergoes recapitalization, takes minority investment from Rosemont Investment Partners
https://www.crainscleveland.com/article/20170403/NEWS/170409951/hartland-co-undergoes-recapitalization-takes-minority-investment
Hartland's ambitious goal is 'right on target'
YOUR FUTURE IN FOCUS
At Clearstead, we create integrated, prudent, and custom strategies that bring clarity to you or your organization’s financial future.
Clearstead is an independent financial advisory firm serving wealthy families and leading institutions across the country. As a fiduciary, it provides wealth management services and investment consulting to help clients meet their financial objectives, achieve their aspirations, and build stronger futures.
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