PORTLAND, Ore., March 1, 2016 /PRNewswire/ -- Washington Park Advisors launched today on the tru Independence platform. The four-person wealth management practice based in Portland, Ore. currently oversees approximately $400 million and was previously with Lateef Investment Management. Washington Park Advisors is the eighth team to partner with tru Independence since its launch in 2014. The team includes Larry Frager, Head Portfolio Manager; Paul Wittman, Managing Director/Portfolio Manager; Matt Schaefer, Director of Operations; and Patricia Jones, Office Manager.
"We are excited to launch Washington Park Advisors and to continue our long tradition of working closely with clients in support of their financial goals," said Frager. "Partnering with tru Independence gives our team outstanding resources and enables us to focus our time and energy on serving clients."
Frager practiced law for a decade before beginning his career in the investment management business. He joined Lateef in 1982, where he spent over 30 years heading the investment research process and managing client portfolios. Wittman joined Lateef in 1994, where he managed client portfolios, conducted investment research, and headed the portfolio trading activity and client relationships.
"Larry and I look forward to deepening our existing client relationships and forging new ones as Washington Park Advisors," said Wittman.
The team at Washington Park Advisors has decades of experience managing both balanced and equity portfolios for corporations, foundations/endowments, high-net-worth individuals and retirement accounts. Their primary investment philosophy revolves around the absolute level of earnings rather than the velocity of the growth of earnings. The team's research focuses on dividends, based on its philosophy that determining the quality of a dollar in dividends can be more reliable than determining the quality of earnings.
tru Independence partners with financial advisory practices to provide them with the platform and resources needed to establish and operate their own independent firms. Washington Park Advisors selected tru Independence for its middle- and back-office capabilities, state-of-the-art technology and institutional research from tru Independence's open-architecture platform.
"The Washington Park Advisors team exemplifies the dedication and spirit of the independent financial advisors we serve on the tru Independence platform," said Craig Stuvland, President/CEO, tru Independence. "We are pleased to partner with Larry, Paul and their team in supporting and helping them to continue to grow their business," added Eric Warlick, Managing Partner.
For media inquiries, please contact Tony Kono at (646) 922-7767 or [email protected].
About Washington Park Advisors
Washington Park Advisors is a Portland-based investment advisory firm serving corporations, foundations and endowments, high-net-worth individuals, and retirement accounts. The Washington Park Advisors team has been taking care of clients' financial well-being for more than thirty years with a diligent, discerning and disciplined approach to investing. For more information, please visit http://waparkadvisors.com.
About tru Independence
Through uncompromising investment in people and technology, tru Independence delivers a premier consulting and services platform for wealth management firms seeking independence. The firm diligently focuses on and invests in three core disciplines—investment consulting, business consulting and new business development.
To deliver unrivalled excellence, tru Independence leverages key relationships by outsourcing to the best providers and platforms. The company's consultative process is defined by simplicity, clarity and transparency, grounded on the belief that its partners can best control their future by owning the equity of their firms. Drawing upon decades of industry experience, tru Independence is committed to ensuring that its partners maximize their enterprise value. For more information, please call (971) 371-3444 or visit us at www.tru-ind.com.
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Tony Kono |
| JCPR |
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| (646) 922-7767 |
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SOURCE tru Independence
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