WHITESPACE FINANCIA
,
LLC
A
Boutique Investment & Wealth Management Company
|
WHITESPACE FINANCIA
|
|
|
FREQUENTLY ASKED QUESTIONS (FAQs)
Q: When was WhiteSpace Financial started? A: 5:01p.m. Friday, March 13, 2009, to be exact.
Q: How did WhiteSpace Financial get started? A: WhiteSpace Financial, LLC was founded by Angus Blackwood following the acquisition of Merrill Lynch, Pierce, Fenner & Smith by Bank of America. Mr. Blackwood had worked his way up to one of the Vice President positions and was a Senior Financial Advisor, capping 14 years of service across the two firms. While at Merrill Lynch, Pierce, Fenner & Smith in Menlo Park, California, Mr. Blackwood created two successful teams. The first, the Corporate Services Group he co-founded, focused its activities on serving the financial needs of corporations and corporate executives. The second team, The Angus Advisory Group, he formed to serve the wealth management needs of entrepreneurs and business owners. Mr. Blackwood is extremely knowledgeable in family wealth management and the financial issues of owning and operating closely held businesses. Mr. Blackwood left Bank of America shortly after the acquisition to form White Space Financial, LLC to serve the unique wealth management needs of entrepreneurs and business owners, with special reference to those located in Silicon Valley and other areas of Northern California. Mr. Blackwood holds an MBA and is a Certified Financial Planner (CFP), Certified Financial Manager (CFM), Chartered Retirement Planning Counselor (CRPC), Chartered Retirement Plans Specialist (CRPS), and is the Managing Member, Investment Adviser Representative (IAR), and Chief Compliance Officer of WhiteSpace Financial, LLC, a Registered Investment Adviser (RIA) firm.
Q: Who is a suitable candidate to become a WhiteSpace Financial client? A: Until March 7, 2012, during WhiteSpace Financial’s inaugural phase, we have no account minimums and no minimum net worth prerequisites. As a prospective client, you are invited to begin a consultation with us, and our sole concern will be how we might best help you and your family. Our marketing and outreach focus will continue to be directed at entrepreneurs and their families with a family net worth between $7M and $50M. The skills and experience we bring to this segment of our market will have tremendous crossover benefit to non–business owning families.
Q: Where will my accounts be held if I work with WhiteSpace Financial? A: This is an important question, especially at the time of this writing, March 2009. CFO Magazine reported in their January edition “CFOs…want daily reporting on their banks’ health.” WhiteSpace Financial does not serve as custodian of your investments but as your advisor. We recognize the reality that a fair amount of your wealth is always “unbundled” and spread across different organizations and firms. We’re agnostic in this regard — we’ll help you find the best and bundle them together when possible. As a Registered Investment Advisor, we have bundled our globally diversified, multi-asset investment management service with our top choice as custodian, Shareholders Service Group (SSG). We have also formed a broker-dealer branch through Purshe Kaplan Sterling Investments (PKS) to provide traditional broker-dealer services for some of our clients when most appropriate. Responsible and secure custodianship of your assets is paramount.
Q: What do you mean by a founding “Plank Owner” client? A: Plank Owner is a term drawn from the U.S. Navy given to the first sailors aboard a newly commissioned ship. It is an exciting honor to become a Plank Owner because a newly commissioned ship is designed from all that was learned from all the ships built before it and represents the most capable platform available. We believe WhiteSpace Financial brings a similar spirit of real-time readiness to financial services. We honor the clients who join us before March 7, 2012 as Plank Owner clients. |
|
Copyright © 2009 - 2011 White Space
|