Institutional Money Managers Launch Jointly-Owned Advisory Firm: Introducing EmStone Advisers

MALVERN, Pa.--()--Emerald Asset Management, Inc. and Beltraith Capital LLC, investment holding companies with approximately $5.8 billion in assets under management as of September 30, 2015 have announced the formation of EmStone Advisers, LLC. EmStone combines the experienced portfolio management teams from Beltraith subsidiary StoneRidge PMG Advisers and Emerald subsidiary Emerald Direct Lending Advisers to offer investors enhanced fixed income portfolio management solutions. Both StoneRidge PMG and Emerald Direct Lending also continue to operate independently.

“Our combined team averages over twenty-five years of institutional portfolio management experience with specific expertise tailored to today’s low-yield environment,” said Beltraith CEO Steven L. Sanders. “We are bringing the best of each firm together in EmStone – solid traditional fixed income investing from StoneRidge PMG and the value-added of marketplace lending investing from Emerald Direct Lending,” said Emerald CEO Joseph E. Besecker.

EmStone provides actively managed, individually designed portfolios that include duration-controlled fixed income portfolios for lower volatility and structured solutions for enhanced return. EmStone is designed to capitalize on the strengths of its parent companies’ subsidiary advisers and its structure provides flexibility to efficiently deploy customized products and solutions for its clients.

EmStone is an entrepreneurially driven minority-owned money management firm. EmStone is jointly owned by Beltraith and Emerald subsidiary Emerald Advisers, Inc., with Beltraith holding a majority interest.

Beltraith Capital LLC is a minority owned holding company that was formed in 2009 to acquire, enhance and grow emerging institutional investment management firms. In 2009, Beltraith Capital LLC completed its first transaction via the purchase of a majority ownership interest in StoneRidge Investment Partners, LLC. Within five years Beltraith grew Stoneridge's AUM from $161 million to $1.2 Billion. In July of 2015, Beltraith merged the fixed income unit of StoneRidge Investment Partners into PMG Advisors to form StoneRidge PMG Advisors, LLC (SRPMG). With $1.5Billion in AUM, SRPMG is one of the largest minority owned fixed income money management firms in the country. Through its money management holdings Beltraith oversees $2.2 Billion in AUM. In September of 2015, Beltraith partnered with Emerald Asset management and formed EmStone LLC to create and manage solution driven fixed income portfolios.

Founded in 1991, Emerald Asset Management, Inc. is a diversified investment management company that operates through its subsidiaries Emerald Advisers Inc., Emerald Mutual Fund Advisers Trust, Emerald Separate Account Management LLC, Emerald Direct Lending Advisers LLC and EmStone Advisers LLC. Assets managed by these companies totaled approximately $3.7 billion as of September 30, 2015. “Driven by Research,” Emerald employs an intense fundamental, research-focused investment philosophy and focuses primarily on growth and value oriented equity investing and income oriented investing. Emerald and its subsidiaries maintain offices in King of Prussia and Pittsburgh, Pennsylvania, Cleveland, Ohio and Oceanside, California. Its global headquarters is located in Leola, PA.

EmStone Advisers, LLC
301 Lindenwood Drive, Suite 310
Malvern, PA 19355
610-647-5287

Contacts

EmStone Advisers, LLC
Steven L. Sanders, 609-254-9976

Release Summary

Emerald Asset Management, Inc. and Beltraith Capital LLC, have announced the formation of EmStone Advisers, LLC. EmStone offers investors enhanced fixed income portfolio management solutions.

Contacts

EmStone Advisers, LLC
Steven L. Sanders, 609-254-9976