Capital Guardian Agrees to Terms for a $20 Million Investment from Private Equity Fund Manager Southport Lane

CHARLOTTE, N.C.--(BUSINESS WIRE)--Capital Guardian Holding, LLC, parent company of Capital Guardian, LLC and Capital Guardian Wealth Management, LLC (collectively, “Capital Guardian”), announces that Southport Lane Management, LLC (“Southport Lane”), the private equity fund manager based in New York, has agreed to invest $20 million to support the continued expansion of the Capital Guardian wealth management business.

Capital Guardian was selected by Southport Lane for its combination of strong management, global platform, and focus on the advisor experience. The Capital Guardian management team, led by CEO Alan Boyer, understands the changing dynamics of the financial services industry and has a next generation vision for the business. In addition, the team has built a platform and infrastructure that is able to support significant growth and deliver innovative solutions to both the advisor and client. The investment will expand Southport Lane’s global asset management footprint.

Alan Boyer commented, “We are excited to partner with a group whose key individuals have deep roots in the wealth management sector and truly understand the challenges facing our industry. Furthermore, they have demonstrated the ability to execute at the highest level in the sector and are committed to preserving our independence to serve our advisors and clients.”

Also key to Southport Lane’s decision was Capital Guardian's strategic relationship with Pershing, an essential component in being able to meet the needs of its client base which includes affluent individuals, family offices, asset managers and institutional investors. With $29.3 trillion in assets under custody and administration with its parent company Bank of New York Mellon, the Pershing platform provides clients with a high-level of security and comfort along with access to the state of the art products and services they require.

“Capital Guardian represents a rare combination of a talented, enthusiastic team and business model, which has been properly crafted to meet the current challenges of wealth management. We believe strongly that a robust platform, which allows advisors to manage their own businesses with the full support of institutional grade resources, is a compelling solution for today’s financial advisors,” said Joel Plasco, Chairman of Southport Lane who will become the Chairman of Capital Guardian. Plasco was formerly Group CEO of Collins Stewart plc where he was instrumental in the initial creation and then the build-out of the firm’s wealth management group and investment banking division.

In addition to the continued growth of the existing business, the combined Capital Guardian/Southport Lane vision for the future includes the enhancement of capabilities for Capital Guardian’s advisors and clients, which include expanded M&A advisory services, access to a wider selection of institutional grade alternative asset managers, a bespoke family office offering and greater international capabilities.

The investment is subject to regulatory approval.

About Capital Guardian

Capital Guardian is a boutique wealth management firm with offices strategically located throughout the United States. Capital Guardian offers advisors access to a true open platform, personalized support, global resources and an innovative management team. The firm’s mission is to liberate and empower investors and advisors. More information on Capital Guardian is available at www.capitalguardianllc.com.

About Southport Lane

Southport Lane Management is an investment manager focused on private equity and asset management founded in 2010. The firm’s core strategy is a buy-and-hold philosophy of acquiring mature companies with a history of creating value. The firm is headquartered in New York City and has assets under management of approximately $1 billion. More information on Southport Lane is available at www.southportlane.com.