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Technology > Investment Platforms > Turnkey Asset Management

Former BofA Duo Starts Wealth Management Platform

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SAN FRANCISCO (–The West Coast institutional investment bank ThinkEquity Partners LLC is branching out into private wealth management with a new group called ThinkWealth Management.

Stephen Hohenrieder and Joyce Linker, who both recently were with the Bank of America Private Bank in San Francisco, will run the new firm. At BofA, both directors focused on investment and wealth management strategies for high-net-worth families, with more than US$1 billion in total assets under advisement.

ThinkWealth is in the process of moving clients over to its manager platform, and in the next few months the firm hopes to have US$1 billion under advisement.

“By being small we have the advantage and we essentially have the chance to start from scratch,” Mr. Hohenrieder said, adding that the goal was to have a flexible offering as they add managers to their platform, which will include alternative investments.

Most of the firm’s clients are wealthy entrepreneurs. ThinkWealth officials are building their own team set to total 14 employees in the next month. Staffers will complete due diligence on managers who offer a multitude of strategies such as arbitrage, long/short equity and equity hedged funds, according to Mr. Hohenrieder.

The wealth management firm’s services include: asset allocation; portfolio construction; fee-based investment advisory services; consolidated reporting; equity and fixed-income trading; hedging and monetization of concentrated equity positions; and cash management.

Contact Bob Keane with questions or comments at: [email protected].


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