HUDSON, Ohio, Nov. 6, 2018 /PRNewswire/ -- Ellsworth
Advisors, a Kaulig Company, announced today the appointment of
Timothy Clepper as the firm's
Managing Partner. Mr. Clepper possesses more than 20-years of
financial services experience. Mr. Clepper joins Managing
Director, Kelly Kuennen, as the
senior leaders responsible for the firm's guidance and developing
its investment strategies. Mr. Clepper began his career in
wealth management at McDonald & Company Securities and has held
senior wealth management positions with Robert W. Baird and Morgan
Stanley Smith Barney.
Ellsworth Advisors is an independent, fee based registered
investment advisor that provides comprehensive financial planning,
asset management, asset allocation, tax, accounting, retirement
planning and estate planning services to high net worth and
ultra-high net worth families and businesses. Ellsworth's
professionals possess decades of financial markets, wealth
management, investment management, private equity, real estate, tax
and investment banking experience. The firm's advisors carry
significant designations and degrees that include but are not
limited to the Certified Financial PlannerTM, Certified
Plan Fiduciary Advisor, Chartered Retirement Planning Counselor and
Certified Public Accountant. The firm's roots date back to
the early 1990's.
In addition to the appointment of Mr. Clepper, Ellsworth
Advisors also announced today the addition of Cameron Miele as a Managing Director. Mr.
Miele, a graduate of the University of
Virginia, possesses more than 20-years of investment banking
and private equity experience. Mr. Miele brings a unique
skillset to Ellsworth Advisors, as his significant mergers and
acquisitions experience will allow him to offer Ellsworth Advisors'
business owner clients with advice on value creation, generational
transition planning, exit planning, business valuations and to
facilitate merger, acquisition and capital raising processes as an
independent advisor. Mr. Miele will also focus on client
development as well as the origination, processing and oversight of
private equity and private real estate investments on behalf of
Ellsworth Advisors. By combining traditional wealth
management with private investment capabilities, Ellsworth Advisors
will be able to provide its clients, if suitable, with access to
private equity and private real estate investments, in addition to
its strategies for managing traditional public equity and fixed
income investments. These private investments, as part of a
well-diversified portfolio, can offer broader diversification as
well as returns non-correlated to the public markets. Each
one of these investments will be offered on a deal-by-deal basis
and no investor dollars will ever be invested in private
partnerships without a client's explicit approval and proper
qualification.
The firm also announced the appointment of Paul Martin as Chief Financial Officer.
Mr. Martin is a former Principal at a 75-year old northeast
Ohio based accounting firm.
He is a Certified Public Accountant with a primary focus on tax
planning. While at his prior firm, Mr. Martin worked with
large, private companies and ultra-high-net-worth individuals and
consulted on strategic planning, complex tax issues, mergers and
acquisitions and wealth management planning. He has over 10
years of experience working closely with business owners not only
on business matters, but also advising his clients on succession
planning and wealth management after significant liquidity
events.
Ellsworth Advisors further announced the appointment of
Michelle Schwab as Chief Compliance
Officer. Ms. Schwab has spent her entire 17-year career as a
securities compliance professional. She has served on the
Board of the Southern California Compliance Group, an association
of compliance professionals which provides a forum for the
development and sharing of compliance best practices. Before
that she was appointed to the inaugural compliance advisory board
of a national multi-billion dollar independent broker-dealer and
registered investment adviser. She is currently a member of
the National Society of Compliance Professionals. Most
recently, Ms. Schwab served as an Associate Compliance Director for
Western International Securities, a full-service wealth management
firm headquartered in Pasadena,
California.
Lastly, Ellsworth Advisors announced a number of capital
investments to upgrade the firm's technology platforms. It is
anticipated that these investments will allow for an improved
client experience through access to broader investment options,
enhanced client interface portal, additional research capabilities
and a more user-friendly technology platform.
Commenting on the announcements, Tim
Clepper stated, "As President of Kaulig Companies, I am
thrilled to be named Managing Partner of Ellsworth Advisors.
The United States is on the cusp
of a multi-trillion dollar transfer of wealth from Baby Boomers to
their children and grandchildren. This transfer of wealth
also applies to entrepreneurs selling their businesses.
Ellsworth Advisors is well-positioned and maintains the experienced
professionals, conservative investing approach and values to
support these individuals and help them achieve their long-term
financial goals."
Kelly Kuennen added, "Our plan is
to build Ellsworth Advisors into a national platform with
representation across the country. We plan to do this
organically, through the acquisition of existing registered
investment advisors and in partnership with investment advisor
representatives who share our culture and values. This is an
exciting time at Ellsworth Advisors. We have a great team and
culture and I couldn't be prouder of what we're building."
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SOURCE Ellsworth Advisors, LLC
