Almanack Investment Partners, a Wayne Pa.-based registered investment advisory firm, announced this week that William L. Lane III has joined the company from Wells Fargo. Lane brings $1.4 billion in client assets to Almanack, boosting Almanack’s size to more than $6 billion across both discretionary assets and assets under advisement.
According to James Judge, a senior director at Almanack, the firm is now one of the largest independent RIAs in the Philadelphia region.
Lane has more than 18 years of industry experience in the areas of family office and investment consulting services. Prior to working at Wells Fargo, he also spent time at Credit Suisse and Deutsche Bank Alex. Brown. Lane joins Almanack as a managing director.
Almanack was founded in 2015 and serves large family offices and institutions. Its affiliated entity, Gadsden LLC, provides asset management services. In November, Gadsden launched two exchage-traded funds that take an institutional approach to investing. The products are a collaboration with Vident Investment Advisory LLC.
The Gadsden Dynamic Growth ETF (GDG) employs what fund literature describes as a dynamic trading strategy using both long and short seasonally inspired exposures. The Gadsden Dynamic Multi-Asset ETF (GDMA) uses a globally diversified asset allocation strategy designed to perform consistently across all stages of the business cycle. The funds have attracted $27.3 million and $16.7 million in assets, respectively.