LOS ANGELES, CA--(Marketwired - September 25, 2013) -
- BHWM addition of emerging asset manager with multiple disciplined strategies brings longtime allies together in formal union.
- Registered Asset Manager who claims compliance with GIPS®* will migrate track records and deploy Large Cap, Small Cap, Private Fund for accredited advisors, and Mutual Fund/ETF program for BHWM FAs and external RIAs alike with a client and advisor friendly service model.
- Combination puts BHWM AUM north of $500M Asset Under Management
Beverly Hills Wealth Management (BHWM) welcomed McComsey Asset Management today, launching an internal asset management division that BHWM advisors will have exclusive access to for use within their clients' financial plans. This is the latest in a series of growth and expansion announcements, highlighting new innovations and new partner advisors joining.
Principal Mark McComsey made the decision to officially merge into BHWM after years of having worked with CEO Margaret "Mag" Black-Scott and Chief Information Officer John Stuart, dating back to when they were all at Morgan Stanley.
"I've known Mag for a long time," says McComsey. "She has always inspired me and after having a front row seat to what she has built with BHWM, I am now thrilled to be joining the team."
"We have long valued their approach," says Stuart. "They offer a dynamic approach that can help our advisors find an investment fit for their clients and help them grow their client base. There is a considerable benefit to having direct access to a talented portfolio manager in an independent environment. GIPS compliance and institutional disciplined strategies are not a common attribute for most Independent Advisors. We are very blessed."
McComsey Asset Management's strategies were developed with a focus on earnings revisions. "We believe accurate analysts typically lead the consensus." says founder Mark McComsey. "In our opinion, identification of the most accurate analysts provides a powerful edge in validation of growth as well as recognizing deterioration early." This approach is backed by over 15 years of research and managing a long-only strategy for over 11 years.
The firm's long-only Earnings Revision Growth (ERG) Strategy has been able to achieve a first quartile ranking in the Informa Investment Solutions PSN U.S. Large Cap Growth universe since inception from 3/31/2002 to 6/30/2013, ranking in the 7th percentile gross and 16th percentile net ranking since inception through the most recent quarter end. PSN is an investment manager database and division of Informa Investment Solutions.
The firm strategies invest in high quality, liquid, growing companies with low debt. "We believe our emphasis on quality strengthens ability to weather challenging economic conditions and provides a fundamental basis for long term growth."
Black-Scott adds: "We know we're creating a special place and while we appreciate all of those we work with externally, it is always nice to bring them in house when it makes sense. In this case, I get to once more partner with a gentleman I recruited to Morgan Stanley and for whom I have always had a tremendous amount of respect."
For more on what the firm does for both advisors and their clients, visit www.bhwm.com
Beverly Hills Wealth Management (BHWM) is a full-service hybrid Registered Investment Advisor tailored for the High Net worth and Ultra High Net worth investor. BHWM Private Trust and BHWM Insurance Services offer supplemental support to the core wealth management, and financial planning experience. BHWM delivers institutional type services, products, and strategies sourced globally and delivered locally from 5 office locations and growing. BHWM is looking for the right types of advisors to join its ranks.
*McComsey Asset Management claims compliance with the Global Investment Performance Standards (GIPS®). The firm was located in West Los Angeles and focused on managing equity portfolios. To request a description of McComsey Asset Management's composites, please email AssetMgmt@bhwm.com or call BHWM Asset Management at (310) 473-7100.