Thoughtful, Balanced Wealth Advisory.
4 former Merrill Lynch advisers launch Denver firm in Cherry Creek – Denver Business Journal
By Monica Mendoza
Nov 9, 2015 12:23 PM MST
FINANCE & LAW
After years of working for the big New York-based wealth management firm Merrill Lynch, Matt Papazian and three others have broken out on their own and launched Cardan Capital Partners in Denver.
The four had been thinking about the move for some time, Papazian said. Sometimes firms answer to shareholders and advisers answer to clients, “and sometimes the needs are not the same,” he said.
“We wanted a place where our clients could receive un-conflicted advice, and that is why we landed where we have,” he said.
Papazian is joined by founding partners Ross Fox, Marti Awadand Sarah Keys, all four of whom had worked together on a specialty team of financial advisers vetted to manage money for the clients of other financial advisers and for the Merrill Lynch/US Trust Company.
Their new firm has partnered with New York-based Dynasty Financial Partners, which provides a financial services platform that includes research, analytical tools and back office and compliance.
“They are a silent partner — they have no ownership stake. We are 100 percent employee owned,” Papazian said.
The firm works with corporate executives, professionals, business owners and entrepreneurs in Denver, Vail and Aspen, as well in major markets nationwide, Papazian said.
“We did not take this lightly, we did a lot of due diligence,” he said. “We view our clients as life long partners. We wanted to be careful of this decision for them because it was about them.”
Monica Mendoza covers banking and financial services, legal services, the economy and economic development, and sports business and contributes to the “Finance & Law” blog. Phone: 303-803-9230.