NEW YORK, Jan. 20, 2015 /PRNewswire/ -- New York-based asset management firm Northern Star Capital Holdings (or 'Northern Star') today announced the acquisition of Capital Guardian Holdings (or 'CGH'), and the appointment of Richard Moran as President & Chief Operating Officer.
Capital Guardian is a diversified, hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami and Charlotte. The Firm has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients.
Northern Star has been providing asset and wealth management services for international families and institutions for years, with experience in Europe, North and South America.
"We have been seeking to acquire a full service RIA and Broker-Dealer with international capabilities in order to expand our product offerings and access to Broker-Dealer services for our clients," said Patrick R. LeBedis, Managing Partner and co-Founder of Northern Star. "CGH is a leader in the Independent Securities Brokerage business and possesses excellent global clearing and custody capabilities due to their relationship with Pershing, a Bank of New York/Mellon subsidiary. The marriage of global asset management with international retail distribution services and support is a core component of Northern Star's strategy."
"We are very fortunate to have Rich Moran, with his unique experience and global expertise, joining the Firm to manage and grow what we expect will become one of the nation's pre-eminent Independent global brokerage and wealth management firms."
Moran brings more than two decades of senior executive leadership expertise with prior experience at notable firms Symetra Financial, UBS, and Bear Stearns. Additional announcements of key Management Team members will follow.
"I am pleased to join our partners at Northern Star to lead the growth and expansion efforts of Capital Guardian," says Rich Moran, President & Chief Operating Officer. "Rarely do you see such a unique opportunity and extraordinary value proposition: To be a leading financial services firm offering both company advisors and independent advisors full service wealth management capabilities including RIA, Asset Management, International, Family Office, Trust and Insurance Services. These capabilities have historically been the exclusive domain of the large global banks."
About Northern Star Capital Holdings
Northern Star is a Family Investment Office focused on Hedge Funds, Private Equity, and Liquid Alternative Investments. Headquartered in New York, with branch offices in Europe and Miami, its Investors include several prominent European, North, and South American families and institutions. With the completion of the Capital Guardian acquisition, AUM in commingled funds and Managed Accounts will exceed US$3 Billion. For more information, please visit us on LinkedIn.
About Capital Guardian Holdings
Capital Guardian is a diversified hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami and Charlotte. The Firm has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients. For more information, please visit: www.capitalguardianllc.com.
Northern Star Capital Holdings
SOURCE Northern Star Capital Holdings