PORTLAND, Ore., Sept. 7, 2016 /PRNewswire/ -- Pure Portfolios has appointed David M. Gewant, CIMA®, CAIA to Managing Director. In this role, he will be responsible for driving strategic partnerships, firm operations and portfolio construction.
"David's skills and background align perfectly with the Pure Portfolios vision and unique business model," said Nik Schuurmans, Managing Director, Pure Portfolios. "We are proud to welcome him to the Pure Portfolios team and are confident that he will bring tremendous value to our clients."
"We knew David well when we helped to launch the Pure Portfolios business model in early August. It was an easy connection and hire decision. David's skill set and philosophy are a perfect fit for Pure Portfolios." said Craig Stuvland, President/CEO of tru Independence, LLC.
Mr. Gewant has 25 years of experience in wealth management and financial services. Before joining Pure Portfolios, he served as Division Investment Executive, West Region at U.S. Trust, Bank of America Private Wealth Management. Prior to that, he was a Market Investment Director and Portfolio Manager in the Portland office at U.S. Trust. He began his career in New York as a portfolio manager and equity analyst. Throughout his career, Mr. Gewant has managed assets and engaged in wealth planning for high-net-worth, family office, philanthropic and institutional clients.
"It is refreshing to be working in a model that truly puts clients' interests first," said Mr. Gewant. "At Pure Portfolios, we focus on reducing the cost of owning assets, including lowering fees during disruptive markets for qualified clients. I believe the vision at Pure Portfolios represents the future of wealth management."
Pure Portfolios launched earlier this year on the tru Independence platform, which supports advisors in the areas of business formation, legal/compliance, technology, an institutional investment platform, custodians, broker-dealers and more.
For media inquiries, please contact Tony Kono at (646) 922-7767 or [email protected].
About Pure Portfolios
We believe investment managers need to get back to the fundamental reason the industry exists: to grow client assets. Pure Portfolios strives to align performance with client expectations and, for qualified clients, if we fail to do our job, we receive less compensation.
Pure builds custom portfolios aimed at reducing the cost of owning financial assets and strives to maximize net after-tax returns. In addition, we will never employ salespeople. We are asset managers, not asset gatherers.
By putting investors first, Pure can raise the standards of professional conduct within investment management. Through education, promoting the highest ethical standards, and providing each client with a Statement of Investor Rights we will be an advocate for change. For more information, please visit www.pureportfolios.com.
CONTACT: Tony Kono
SOURCE Pure Portfolios