Registered investment advisory firm Verdence Capital Advisors, which manages more than $2.8 billion in assets for private and family office clients, unveiled its newest business unit on Tuesday.
Verdence/OCIO is a suite of investment services “designed to help other RIAs, family offices and institutions scale their businesses and deliver powerful new research and investment solutions for clients in a cost-effective, customizable way.”
Verdence CEO and founder Leo Kelly said his firm has been at the point that many RIAs eventually reach, where they wanted to realize long-term growth but needed the tools to scale the practice while continuing to meet their clients’ needs. Helping other firms over the same growth plateau “is why we’re so excited to be launching Verdence/OCIO to provide the kind of robust options that we had to build ourselves.”
The new outsourced investment office provides RIA clients research and educational content, investment construction and due diligence services, as well as investment models and rebalancing services.
By outsourcing investment management, advisors could reduce investment costs and obtain more competitive fee structures from investment managers and increase access to private markets, along with “highly selective” deal flow, according to the firm.
Verdence/OCIO Director Matt Andrulot said the collective experience of the Verdence team went into developing the range of services offered through the new unit, noting that all solutions can be tailored to a client firm’s own brand.
“We also very much understand the importance of brand,” he said, “which is why all of our Verdence/OCIO solutions are available in private label format, aligned with a firm’s own brand, from its logos and color schemes all the way to its taglines and disclosures.”
“The most valuable commodity any RIA, family office or institution has is time to spend with their clients,” said Kelly. “And that’s what Verdence/OCIO is designed to provide: more time for these teams to do what they do best."
Verdence Capital Advisors is an independent private wealth advisory and multi-family office firm headquartered in Hunt Valley, Md., with an office in Northern Virginia. According to its latest Form ADV filing, the firm manages more than $2.8 billion in discretionary assets across 4,790 client accounts.