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HomeWealth Managementtru Independence Pulls $1B Household Workplace Seven Mile from Mariner

tru Independence Pulls $1B Household Workplace Seven Mile from Mariner


tru Independence, a $9.5 billion registered funding advisor platform based mostly in Portland, Ore., has introduced a partnership with Seven Mile Advisory, a multifamily workplace in New York Metropolis advising on greater than $1 billion in property for some 25 households.

Seven Mile serves ultra-high-net-worth enterprise house owners, non-public fairness and actual property professionals, athletes and entertainers. Founder and CEO Pamela Perskie leads the workforce of 4, together with Chief Working Officer and Wealth Strategist Keith Feinberg in addition to vice presidents and consumer advisors, Emily Herrup and Nicole Bellefeuille.

“Pam and her workforce go means past portfolio administration as a value-add, creating bespoke planning options and progressive methods to unravel purchasers’ wants,” tru President and COO Amit Dogra mentioned in an announcement. “We’re honored to accomplice with Pam, particularly given her monitor file and continued success in rising household workplace property.”

Established in 2019, Seven Mile was with AdvicePeriod for 2 years earlier than transferring to Mariner Platform Options for a yr, in line with Perskie’s SEC registration. The transfer to tru Independence got here after “a radical seek for a accomplice,” in line with the announcement, and was pushed by an appreciation for the platform’s expertise with UHNW purchasers and the agency’s service supply platform combining expertise, expertise and behavioral finance. Perskie expects to leverage tru Independence’s compliance, expertise and household workplace consulting companies to expedite progress.

“At Seven Mile Advisory, we construct our versatile planning methods to accommodate every consumer’s particular wants. This may be troublesome to navigate when working with a enterprise platform accomplice,” mentioned Perskie. “We consider that we discovered the perfect match with tru. They purpose to supply us with precisely the kind of individualized consumer expertise that we prolong to our purchasers.”

The brand new addition expands tru Independence’s footprint within the Northeast and builds on a 2022 that noticed the 9-year-old platform add greater than $1 billion in property. Seven Mile is the twenty ninth workforce to hitch tru Independence and the primary of 5 signed groups anticipated to transition to the platform by mid-summer, representing a collective $3.5 billion in property, Dogra mentioned.

“We anticipate a number of extra as effectively, making this the only best yr in tru historical past,” he mentioned. “A number of as large, a number of bigger as effectively.”

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