Crow Point Partners enters into first JV in private wealth management market
Oak Park Wealth Management and Crow Point Partners 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,” says 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,” says 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,” says 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.”