The Wiley Group Emerges As Independent RIA
CONSHOHOCKEN, PA, October 2, 2009 -- The Wiley Group, one of the region's most respected retirement and wealth advisory firms, announced today that it is now a fully independent Registered Investment Advisor, ending a long relationship with Morgan Stanley Smith Barney in an effort to better serve its clients.
As one of Morgan Stanley's premier regional offices with approximately $200 million under management, the Wiley Group has a 25-year history serving hundreds of clients with an array of retirement, wealth management and concierge financial services.
Jim Wiley, chief executive officer, chief investment strategist and founder of the Wiley Group, said, "We have been proud of our relationship with the outstanding professionals at Morgan Stanley but we sincerely believe that we will be better able to bring more transparency, clarity, cost efficiency and speed to our investors as an independent firm."
The Wiley Group and its professional team is now headquartered at 5 Tower Bridge, 300 Barr Harbor Drive, Suite 175, West Conshohocken, PA, 19428. The Wiley Group has always strived to successfully match client financial goals and performance to real life goals and circumstances, with particular expertise serving executives in the regional pharmaceutical, telecom and engineering industries.
"Our primary investment philosophy is conservative, yet nimble, relying on tactical asset allocation to manage market volatility as our clients plan for the future. We will continue to seek to create low-volatility portfolios that also optimize market opportunity as our clients move forward in their lives," Wiley said.
Wiley is a graduate of Dickinson College with both Series 6 and Series 7 licenses. During his 25-year career he has guided clients through five bear markets and has developed a holistic financial approach to life planning. "We've come to know that while global financial markets may drive macro economic performance, our clients face issues like real estate decisions, college expenses or elder care that demand micro approaches. That's why we've developed a concierge suite of expertise that addresses real-life financial conditions, rather than just how your portfolio is performing in the market," Wiley said.
The Wiley Group will use Charles Schwab Institutional as its custodian, a firm specifically chosen because of its commitment to technological innovation and client service, with no investments in sub-prime real estate instruments and no proprietary investment products that may not represent ideal client investment opportunity.
"As an independent SEC registered investment advisor, we expect to dramatically improve portfolio transparency and investor communications, with customized performance reporting, client events, webinars, updated website information and old fashioned one-on-one meetings," Wiley said.
Wiley Group clients will continue to be served by an outstanding executive and support team, including:
- Edgar Lambert, III, Chartered Retirement Planning CounselorSM , Economic Analyst - Lambert's responsibilities include pre-retirement and early retirement planning, investment and retirement feasibility analyses, financial planning based on economic trends and perspective.
- Alexander F. Cabot, Quantitative Analyst - Cabot's responsibilities include statistical analysis, daily trading, performance reporting and quantitative risk analysis.
- Bernadette Parrish, Chief Operations Officer, Chief Compliance Officer - Parrish essentially serves as a client's chief communications officer, managing all corporate communications, events and daily client contact.
- Marianne Scott, Operations Manager - Scott's primary responsibilities include managing the operational requirements in all client relationships.
"We believe we've been able to attract and retain some of the best talent in the industry, both from an investment management and client service perspective. We are extremely gratified that the team our clients have grown to depend on will remain intact as the Wiley Group," Wiley said. "In addition to our in-house investment expertise, we will have access to outstanding research from Goldman Sachs, Credit Suisse and other informed and enlightened sources."
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