Kanaly Trust, a wealth management firm based in Houston, is partnering with Meritage Capital to offer alternative investments to its high-net-worth clients, Kanaly announced Monday.
Meritage Capital, a $1.1 billion SEC-registered investment advisor based in Austin, Texas, that specializes in differentiated hedge fund solutions, will act as sub-advisor for the alternative portfolio strategy.
High-net-worth investors face challenges incorporating alternatives into their portfolio, including limited access to best-of-breed managers and the high cost of competing mutual fund and other access vehicles, says Kanaly.
“We believe incorporating alternative investment strategies into a portfolio can improve returns and hedge risks associated with today’s elevated stock and bond prices,” says James Shelton, chief investment officer of Kanaly. “The partnership will provide clients with an experienced sub-advisor on alternatives, and specialized managers who are broadly diversified to seek to deliver compounded growth.”
Kanaly manages $2 billion in assets.