Callan Family Office, a bespoke investment advisory firm based in Pennsylvania, has just achieved a significant asset milestone.
The Philadelphia-headquartered firm announced that it has officially crossed the $5 billion AUM mark, just slightly more than two years after its inception as an independent registered investment advisor in the US.
Launched in February 2022 by Jack Ginter, who formerly headed the private bank at Wells Fargo, the RIA is dedicated to serving the complex financial needs of ultra-high-net-worth families, family offices, foundations, and endowments.
Over the past two years, the firm has seen a steady increase in its client base, with assets and new accounts coming solely from organic growth. That sets it apart from the broad backdrop of acquisitions, consolidations, and capital infusions that defined the US wealth space in recent years.
As of March, Callan Family Office reported it managed client assets exceeding $5 billion, emphasizing the firm's commitment to providing comprehensive wealth management services.
In a statement, Ginter, the CEO, said the firm was founded on a belief “that ultra-high-net-worth families could benefit from a truly independent, entrepreneurial approach from partners who take full accountability for all aspects of family wealth.”
Callan Family Office is a partner-owned firm, with 23 partners who possess extensive experience in catering to the unique needs of affluent families. It reported an average client size of $100 million as of the end of March, putting it comfortably in the UHNW band of the wealth stratosphere.
Ginter also highlighted the firm's dedication to planning services, comprehensive family office support, and institutional-level investment research. That last piece, which includes private market deal flow, comes from its licensing arrangement and partnership with Callan, an independently owned investment consulting firm that advises over $3 trillion in assets.
Over the past year, Callan Family Office has also made key additions to its services, including a program for family governance and education and an expanded financial administration suite that covers bill pay and cash management, among other service offerings.
“Our team knows that every decision we make has to be in the best interests of the families and institutions that trust us with their multifaceted needs,” Ginter said.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
