MIAMI--(BUSINESS WIRE)--Continuing its strong momentum, Crystal Capital Partners announced today that growth in its advisory partnerships has soared by 46%, since January 2018.
Crystal Capital operates one of the nation’s leading alternative investments platforms for financial advisors and their qualified purchaser (QP) investors. The independent financial advisory channel is one of the fastest growing and competitive areas in the financial services industry. Crystal has been able to uniquely support and nurture the growth of this channel, as the sector’s need for a turn-key institutional private equity and hedge fund solution becomes increasingly vital.
Commenting on Crystal’s growth, Steven Brod, CEO said, “With 25 years of alternative investment experience, it is our ongoing commitment to remove the complexities and barriers to entry associated with alternative investments, and work with a network of willing partners that want to leverage our expertise, technology and infrastructure. We are forever grateful to all of our partners, and fully intend to evolve and flourish with them every step of the way.”
The number of breakaway RIAs soared by 59% from 2012-2017, according to Financial Planning’s Wealth Management Trends to Watch in 2019. The study reveals that nearly 27,000 advisors - 9% of the industry's more than 310,000 advisors - made the transition to independent firms in 2018, approximately two-thirds of which went fully independent. There is no doubt that the independent movement is only gaining momentum — with no sign of letting up anytime soon.
As this evolution progresses, independent advisors are refashioning themselves as generalists, extending their capabilities to include a robust range of investment offerings, as well as advanced financial planning and lifestyle support. They achieve this by creating a network of outsourced specialists who can help them deliver on a variety of complex strategies, rather than exclusively focusing on a single in-house approach which can be inefficient and costly to modify.
Operating this way is an effective way to deploy comprehensive financial solutions, ensuring that the full range of products and services work cohesively toward the same goals while at the same time eliminating any redundancies in portfolio exposures and fees. This outsourced approach helps independent advisors solve the tedious administrative, operational and managerial tasks associated with running a business.
Crystal’s turn-key solution is designed to address the alternative investment needs of independent advisors as it relates to access, technology, reporting, operations and administration. Which is why over the last 18 months, many independent RIAs, private banks, broker-dealers and multi-family offices have continued to adopt Crystal’s private equity and hedge fund platform. Today, Crystal’s growing community of advisors consists of over 100 independent firms across the United States, who represent over $100 billion in assets collectively.
Crystal’s team of 20+ multi-faceted professionals — with diverse backgrounds in finance, technology, sales and marketing — takes a personal and hands-on approach to supporting financial advisors through every step of their alternative investment journey. The platform arms advisors with an experienced team, exposure to 60+ institutional private equity and hedge funds, qualitative and quantitative tools, intelligent portfolio optimization and rebalancing software, a simple electronic subscription process, consolidated reporting (statements, audits, K-1s), and private label client-facing deliverables. In sum, Crystal provides financial advisors all the services needed to navigate the alternative investment journey.
About Crystal Capital Partners
Crystal Capital Partners is a leading turn-key alternative investment platform, providing financial advisors with exposure to third-party institutional private equity and hedge funds for their clients’ portfolios. Crystal’s clients include independent advisors, regional banks, IBDs and multi-family offices. Crystal is a Registered Investment Advisor headquartered in Miami, Florida. For more information, visit here.
This press release is for informational purposes only and is not investment advice or an offer to sell or the solicitation of an offer to buy any interest in any entity or investment vehicle. Any offer to sell or solicitation to invest will only be made through the Offering Documents of one or more investments managed by Crystal and will be qualified in its entirety in accordance with all applicable laws. These investments carry certain risks, see Offering Documents for more information.