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Spouting Rock Financial launches asset management arm.

BANKING AND CREDIT NEWS-October 3, 2018-Spouting Rock Financial launches asset management arm

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Financial services firm Spouting Rock Financial Partners has announced the launch of Spouting Rock Asset Management, an asset management arm, the company said.

Concurrently, the firm said it hired Andrew Smith, formerly Aberdeen Asset Management's Americas Co-Head and COO, as the new entity's chief executive.

Spouting Rock Financial Partners was launched in 2006 as a family office and investment consulting firm offering wealth management services to other family offices and ultra-high-net-worth individuals. In 2007, Spouting Rock Capital Advisors, a full-service merchant bank, was created.

Smith noted Spouting Rock Asset Management has been incubating a small-cap growth product, which is now available for investment purposes. The fund is slated to receive its one-year number later this year.

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 3, 2018
Words:147
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