Boston-based Crow Point Partners LLC has agreed to acquire a minority stake in Oak Park Wealth Management LLC and 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,” said Peter DeCaprio, Crow Point’s president and CEO in a statement. “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.”
Oak Park Wealth Management Founder Dan Doyle added: “We are pleased to begin our relationship with Crow Point. 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.”
Crow Point Partners is a $150 million specialty asset management firm. Oak Park Wealth Management is a $20 million wealth management firm headquartered in Cleveland that focuses on providing innovative investment strategies designed to improve the characteristics of traditional portfolio management.