Crow Point Announces First Joint Venture in the Private Wealth Management Market

CLEVELAND & BOSTON - Oak Park Wealth Management, LLC and Crow Point Partners, LLC announced today that they have agreed to a strategic partnership whereby Boston-based Crow Point will acquire a minority stake in Oak Park and will begin offering private wealth management and family office services to the marketplace under the Oak Park brand name.

“Private wealth services are a natural extension of our business,” said Peter DeCaprio, Crow Point’s President and CEO. “We manage money for many other RIA’s and family offices; our product lineup and skill sets match up nicely with what RIA’s already ask for from us, which are differentiated strategies that consistently beat benchmarks.”

“We are pleased to begin our relationship with Crow Point,” commented Dan Doyle, founder of Oak Park Wealth Management. “Crow Point enhances our investment process and research, helping us offer adaptable strategies to navigate both changes in life and the market. The combination of our sophisticated tax planning and fiduciary client model with Crow Point's world-class risk management and investment process is a value add for clients.”

“Our outsourced CIO model is designed for the benefit of small advisors like Dan,” concluded DeCaprio. “A systematic approach to asset allocation allows Oak Park to focus on client service and asset gathering while we advise on portfolio positioning and other strategic asset allocation issues.”

About Crow Point Partners

Crow Point Partners, LLC is a $150 million specialty asset management firm headquartered in Boston, MA, that employs a disciplined approach to global investment management using both qualitative and quantitative research and investment process. Today, the Crow Point family of separate account composites includes 10 traditional and alternative open-end mutual separate account composites, as well as 3 target date separate account composites.

About Oak Park Wealth Management

Oak Park Wealth Management LLC, is a $20 million wealth management firm headquartered in Cleveland, OH, that focuses on providing innovative investment strategies designed to improve the characteristics of traditional portfolio management. Presently Oak Park acts as a full-time fiduciary for private clients offering financial planning and investments built upon transparency, research, and adaptable management.

Source: Business Wire

 

Contacts

Crow Point Partners, LLC. Peter DeCaprio, 617-951-9390
Oak Park Wealth Management LLC. Daniel Doyle, 440-305-0410

 

March 16, 2020 /