Transcend Capital Advisors Opens Office in Naples, Florida
December 1, 2022
Top-ranked wealth management firm expands to South Florida
Naples, Florida — Transcend Capital Advisors today announced the firm is expanding to Naples, Florida, with an office located at 821 5th Avenue South. Transcend is a leading independent registered investment advisor (RIA) that provides a comprehensive suite of wealth management services.
Transcend was founded in 2019 on the premise that individuals and families deserved access to the same types of investment opportunities that institutions, endowments, and foundations have long utilized to achieve consistent long-term performance. The company has seen explosive growth since its founding and was recently ranked #31 in the United States in Forbes’ inaugural “America’s Top RIA Firms” list. In July, Transcend was named in Citywire RIA’s “50 Growers Across America,” an industry report recognizing the fastest-growing RIAs in the country. The firm currently manages approximately $2.4 billion of assets and also maintains offices in Michigan and New Jersey.
Transcend was founded by Duncan Niederauer, former chief executive officer of the New York Stock Exchange, and a group of partners including Transcend Partner and wealth advisor Eric Schwartz, who will advise his clients from the Naples office going forward. Joining Schwartz in the Naples office will be Managing Partner Robert Brown, a long-time Naples resident who emerged from retirement earlier this year to join Transcend.
The Transcend leadership team is comprised of Wall Street industry veterans with over 150 years of collective investment experience across multiple asset classes who utilize the power of their networks to source unique private investment opportunities for its clients. The fast-growing company bolstered its management ranks in September with the addition of industry veteran Jim Baka who joined Transcend as Managing Partner and Chief Executive Officer and will lead the firm’s national expansion. Baka has over 30 years of wealth management industry experience and was most recently President of Calamos Wealth Management. Earlier this month, the firm announced the addition of hedge fund industry veterans Matt Fassnacht and Jacob Grossman as Managing Partners.
“We see an incredible opportunity to better serve clients in Southwest Florida and beyond by delivering Transcend’s differentiated approach to portfolio construction, along with our comprehensive suite of wealth management services. With the continued market volatility and trend towards higher interest rates, Transcend has the investment capabilities and solutions to help clients navigate these uncertain times,” said Baka.
Prior to co-founding Transcend, Schwartz’s career spanned 25 years as a senior vice president at UBS Private Wealth Management, where he counted Niederauer as a client, and Smith Barney, where he provided comprehensive wealth advisory services to entrepreneurs, private and public technology industry executives, and professional athletes. He has been recognized by Barron’s, The Financial Times and Forbes in their annual lists of top advisors. Brown was previously a senior executive at Fidelity Investments, leading various business units over the course of his two decades at Fidelity, including Head of Institutional Fixed Income, President of the Bond Division, and President of the Money Market Division.
“I had built my own personal endowment model and through discussions with the Transcend partners, learned about what the firm was doing with an expanded network and deep resources. I recognized immediately that this is the new paradigm in wealth management and wanted to join the leadership team,” said Brown.
“Our approach disrupts the status quo of the Wall Street model – our fees are transparent, our investment platform is completely open-architecture, and we look beyond the traditional 60/40 portfolio construction. At Transcend, our client comes first, and we are able to source and evaluate private investment opportunities that most investors will never see,” commented Schwartz.
About Transcend Capital Advisors
Founded in 2019 and headquartered in Madison, New Jersey, Transcend is an independent registered investment advisor (RIA) offering wealth management services, public and private investments, strategic advisory services, and access to banking, lending, and family office solutions. Transcend manages approximately $2.4 billion of assets and serves families, business owners, executives, retirees, and entrepreneurs across the United States. Leveraging the unique network of its experienced management team, Transcend provides clients with access to investment opportunities not typically available to individual investors. For more information on Transcend, please visit transcendcapital.com.
Transcend Capital Advisors
The Forbes “America’s Top RIA Firms” list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank firms. Firms elect to participate but do not pay to be included in the ranking. To learn more about the methodology, click here.
CityWire RIA identifies and selects the fastest growing RIAs in each state by analyzing Form ADV data reported to the U.S. Securities and Exchange Commission (“SEC”) at the time of publication. Data for this publication is gathered by Discovery Data. No compensation was paid in exchange for inclusion in the “50 Growers Across America.” To learn more about CityWire’s methodology, click here.