FRANKLIN, Tenn.--(BUSINESS WIRE)--The truly wealthy hold a never-ending fascination for the public – their lifestyles, their triumphs, their struggles ... and their money. So a curious question: when you’re very rich, how DO you track and measure your wealth?
Turns out that’s one of the more significant challenges facing today’s high net worth individuals, families and their advisors.
With the typical $250-$750 million high net worth client having anywhere from 15 to 50 or more discrete investments in an array of marketables, alternatives, real estate, private equity, luxury items, collectable and other real assets -- sometimes resting in various silos -- accurately monitoring such diversity requires reporting tools that, until now, have not existed in the marketplace.
That all changed this morning.
CapWealth Insights, a firm that specializes in simplifying the reporting complexities of the ultra wealthy – as well as their foundations and private trust companies – opened its doors, launching with it an innovative investment reporting platform designed to help high net worth individuals, families and advisors better manage and monitor their investments in near real time.
Called Provable Integrity™, this transparency tool and reporting engine consolidates information from all of the wealthy’s investment relationships into clear, concise reports for more objective decision-making and legacy building.
“This platform combines sophisticated data gathering technologies with Global Investment Performance Standards® (GIPS) -- which is a stringent reporting process for investments -- to do what the industry has sought for years: provide definitive evidence of how all investments in a diverse portfolio are performing,” said Robin Satyshur, CapWealth Insights founding partner, president and chief operating officer. “The result is a much better sense of where their money stands and a much better roadmap for advisors to the wealthy and their foundations, family offices and trust companies in planning future growth. I really expect Provable Integrity to revolutionize investment reporting.”
Satyshur launched this new firm and platform in partnership with two other industry veterans, Tim Pagliara and Phoebe Venable. Satyshur came to CapWealth Insights from The Family Office, where she was treasurer and COO overseeing all financial aspects for three generations of a highly successful and wealthy Tennessee-based family. Pagliara is chairman and CEO of CapWealth Advisors and a Barron’s top U.S. wealth advisor for multiple years. Venable, CFA, is president and COO of CapWealth Advisors, and a past executive with a nationally recognized multi-family office organization.
CapWealth Insights was born out of CapWealth Advisors, a firm that advises high net worth individuals and families on wealth and investment strategies. It has been one of Barron’s magazine’s top wealth advisory firms in Tennessee in four of the last five years.
An in-house version of Provable Integrity was initially developed in 2000 by Pagliara to help him manage his clients’ diverse and far-ranging portfolios. By harnessing newer, evolving technologies and operating in compliance with GIPS, the dramatically enhanced and updated 2013 version of Provable Integrity now tracks even the largest wealth strategies with speed and reliability.
“One of the biggest concerns wealth owners have is not what they know, but understanding what they don’t know,” Satyshur said. “Provable Integrity removes investment blind spots, revealing exactly how a family’s portfolio is performing. That heritage of data will help these families and their trusted advisors know exactly where they stand and help set a course to achieve their family legacy goals.”
About CapWealth Insights
Through its new-to-the-market Provable Integrity™ tracking and reporting tool, CapWealth Insights provides tailored, consolidated investment performance reporting and legacy strategies for high net worth families, individuals, foundations and trust companies. The firm aggregates complex data from all of a client’s investment relationships to provide customized reports of his or her total investment performance at any point in time, at any level of detail, allowing the family and their advisory team to make sound decisions. The firm supports a growing clientele of high net worth families, foundations, private trust companies and family offices in the art and science of building a legacy. www.CapWealthInsights.com