Fresh off making its first investment in a registered investment adviser, Dallas-based Slate Hill Partners has big plans to continue growing in the wealth management arena. Slate Hill Partners, a single-family-office-backed holding company that has focused on supporting niche investment managers and building out exchange-traded funds, recently took a minority stake in Dallas-based XO Wealth Management. Joe Valdman , managing partner of SHP, said he sees the deal as the just beginning. "We’d like to be able to grow with other acquisitions and try to get this firm to $3.5 billion to $4 billion in the next 3-4 years," Valdman said. XO has $631 million in assets under management as of Dec. 31, 2021, according to the firm’s most recent filing with the U.S. Securities and Exchange Commission. The firm declined to provide a more recent number until it files its next annual report in the coming weeks. Valdman also declined to disclose SHP’s overall assets. To accomplish Valdman’s goal, SHP would need to grow the wealth management business by more than five-and-a-half times. SHP can achieve that growth because of the health of the Dallas-Fort Worth market and the ongoing trend of consolidation among RIAs, Valdman said. Texas […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
