"Pequot looks forward to helping RSP scale the business to accommodate the growing demand for privately negotiated transactions of restricted securities and other illiquid assets," says Lawrence D. Lenihan, Jr., co-head of Pequot Ventures and a member of Restricted Stock Partners' Board of Directors.
RSP, based in New York City is a division of Green Drake Capital Corp. and manages the Restricted Securities Trading Network, www.RestrictedSecurities.net. For more information also visit www.RestrictedStockPartners.com.
WealthTrust Expanding
Nashville, Tenn.-based WealthTrust LLC has become a client of Fortigent LLC as part of its plans for continued expansion.
WealthTrust buys minority or majority positions in multiple independent advisory firms, providing those firms with both additional capital for expansion and shared centralized support services for cost control and brand building. The company currently has 11 affiliated investment management firms in ten states that collectively manage more than $8.5 billion in assets.
Fortigent provides wealth management solutions and consulting services to advisory firms and institutions serving ultra-high-net-worth clients.