Crystal Capital Partners, a leading platform connecting financial advisors with alternative investments, has announced impressive growth metrics for 2023. The company’s latest data showcases a significant surge in assets under management (AUM), an expanding network of advisory relationships, and a strong demand for tailored portfolio solutions. These factors collectively propelled Crystal Capital Partners through another successful year.
In 2023, Crystal Capital Partners witnessed an 18.62% increase in total AUM. This substantial growth was fueled by both consistent inflows from financial advisors seeking alternative investment options for their clients and positive investment performance across the platform. The hedge fund program specifically experienced an 18% growth in assets, bolstered by the addition of three new hedge funds, expanding the program’s offerings to 37 diverse hedge fund exposures. The private markets program also demonstrated remarkable expansion, with a 20.29% increase in assets. Eight new private market funds were onboarded, bringing the program’s total to an impressive 47 invested vintages since its inception.
Crystal Capital Partners distinguishes itself by providing comprehensive access to a wide array of hedge fund and private market strategies. Analyzing the year-over-year growth within these strategies reveals compelling trends. Real Assets strategies led the way with an extraordinary 122.55% growth, indicating strong investor interest in this sector. Global Macro strategies followed with a substantial 65.15% increase, while Long/Short Equity and Private Credit strategies also demonstrated robust growth at 43.18% and 30.52% respectively. Furthermore, the demand for personalized investment solutions is clearly on the rise, as Crystal Capital Partners facilitated the creation of 23 bespoke portfolios in 2023, catering to the specific needs of advisors and their clients.
A key aspect of Crystal Capital Partners’ mission is to empower Registered Investment Advisors (RIAs) by simplifying access to and education about alternative investments. This commitment is reflected in the 14% increase in new advisory firms joining the platform in 2023. Crystal Capital Partners provides RIAs with the tools and resources necessary to confidently navigate the complexities of the alternative investment landscape, ensuring they can effectively incorporate these assets into client portfolios.
Steven Brod, Senior Partner, CEO, and CIO of Crystal Capital Partners, commented on the company’s achievements: “The increasing demand for diversified portfolios highlights a clear preference among investors for customized investment strategies that go beyond traditional fund access. The growth we achieved in 2023 is a testament to our commitment to providing RIAs with innovative solutions. We strive to empower them to construct diversified alternative investment portfolios that effectively complement traditional investments and align with their clients’ overarching investment objectives.”
Crystal Capital Partners’ dedication to innovation and a client-focused approach has solidified its position as a trusted partner within the wealth management industry. This recognition is underscored by the firm’s recent accolades, including being named a finalist for the FinovateAward for Best Alternative Investment Solution and ThinkAdvisor’s Luminaries Award for Financial & Investment Innovation. Moreover, Steven Brod, CEO, was honored as ‘Fintech Person of the Year’ by the FTF News Technology Innovation Awards, further validating the company’s leadership and impact in the fintech space.
About Crystal Capital Partners
Crystal Capital Partners operates as a turn-key alternative investment platform, specializing in providing financial advisors with seamless access to institutional-grade private markets and hedge funds for their clients’ investment portfolios. The firm’s clientele encompasses independent advisors, regional banks, Independent Broker-Dealers (IBDs), and multi-family offices. Crystal Capital Partners is officially registered as an Investment Advisor and is headquartered in Miami, Florida.
