Reuters reported today that three senior Goldman Sachs Private Wealth Management advisers left the bank earlier this month to form an independent San Francisco boutique, Seven Post Investment Office LP.
Ali Bastani, who spent 13 years at Goldman Sachs, 26-year veteran Eldridge “El” Gray, and Charles Wyman, 15 years in the brokerage industry, started the new firm on September 2, according to records filed with the Financial Industry Regulatory Authority and the Securities and Exchange Commission.
The Seven Post website states:
“We provide customized, independent counsel to clients with significant assets. Our singular mission is to preserve and enhance client wealth. We engage in continuous dialogue and education to best understand client objectives and to improve decision-making.
Seven Post manages global multi-asset class portfolios for a select number of important relationships with a focus on risk management and long-term investment results. Our approach takes account of investment structure, taxes, socially responsible mandates, estate and trust planning, philanthropy, requirements for income and other client objectives.
Seven Post is a privately owned partnership and completely independent of other financial institutions. We have a value-oriented, long standing investment philosophy; managing core investments as well as engaging third-party sub-advisors on behalf of clients.
Client assets are held in global custodian banks, providing institutional safety as well as the security of third party portfolio reporting and accounting.”
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