COLUMBUS, Ohio, Aug. 8, 2017 /PRNewswire/ -- Halite Partners, an independent Registered Investment Advisor, announced today their intentions to begin serving institutional, family office and private wealth investors. Founded to provide a new level of transparency and investment freedom, CEO Phil Shaffer, co-founder of Morgan Stanley's Graystone Consulting practice, is confident in this transformative approach. "We want to teach the industry how to act," he says. "The client has too much at stake for the industry to do things the way it has always done them."
As one of Barron's Top Institutional Consultants*, Shaffer sees restricted investment offerings, conflicts of interest, high fees and old technologies preventing the client from the best possible outcome. He and partners Norm Cook and Lee Caleshu have committed themselves to fixing this by creating what they hope will be a revolutionary experience for institutional and family group investors. "We believe that our philosophy alone is a key differentiator in the marketplace," says Cook, an industry veteran in managing investments for large institutions. "Our 'why' is what drives us; if we don't believe the client will benefit from it, we don't do it. It's about stewardship, really."
Shaffer, who has spent seven consecutive years on Barron's Top 100 Financial Advisors* list, finds himself in a coveted spot. He credits his certainty in Halite's ability to succeed to their true open architecture platform, first to market capabilities, and the intellectual capital of the investment team led by Chief Investment Officer Caleshu. "Halite Partners can do what clients have been requesting for years. As an industry, we can remove barriers for the investor. I think it is our obligation to do so."
Halite's vision has enabled the firm to attract several highly successful and experienced financial professionals. Additionally, the firm is joined by distinguished board members: James A Davlin, former VP of Finance and Treasurer, General Motors Company; Jonathan Hook, Chief Investment Officer of the Harry and Jeanette Weinberg Foundation; and Thad Matta, former Ohio State University Basketball Coach. These advisers bring invaluable wisdom and experience to the Halite team.
Halite Partners will serve clients from offices in Columbus, Ohio and West Palm Beach, Florida. A future office is planned for Naples, Florida.
Important Disclosures: Halite Partners, LLC ("Halite Partners" or "the Firm") is an SEC registered investment adviser with its principal place of business in the State of Ohio. Registration does not imply a certain level of skill or training. Halite Partners may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. For information about the Firm's registration status and business operations, please consult the Firm's Form ADV disclosure documents, the most recent versions of which are available on the SEC's Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov). Past performance is no guarantee of future results. Investing in the stock market involves the risk of loss, including loss of principal invested, and may not be suitable for all investors.
*"As identified by Barron's. The ranking reflects the volume of asset overseen by the advisors and their teams, revenues generated for the firms and quality of the advisors practice."
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SOURCE Halite Partners