TOWSON, Md.–(BUSINESS WIRE)–WMS Partners, a prominent multi-family office managing $5 billion in assets, has announced a strategic investment from TRIA Capital Partners. This investment sees TRIA Capital Partners acquiring a non-controlling, minority stake in Wms Partners Llc, reinforcing WMS’s dedication to operating as an independent and enduring firm. This partnership is designed to bolster WMS Partners’ commitment to providing client families with unbiased and conflict-free financial advice.
According to WMS Partners LLC, the collaboration with TRIA is set to enhance several key areas of their business. These include strengthening succession planning, attracting and retaining top-tier talent within the financial industry, and providing access to essential capital for strategic business investments. These enhancements are all aimed at better serving their clients for generations to come.
Tim Chase, co-founder and Chairman of WMS Partners LLC, expressed enthusiasm about the partnership, stating, “After an extensive search and much consideration, it was clear that TRIA was absolutely the right partner for WMS. Their support of our long-term independence and the commitment we’ve made to clients–both current and future generations–set TRIA apart. We could not be more pleased to have them as our partner.”
This sentiment was echoed by Martin Eby, also a co-founder of WMS Partners LLC, who highlighted the firm’s commitment to independence. “We’ve watched many of our peers sell a controlling interest in their firm,” Eby noted. “With our clients, fellow shareholders, and colleagues always top of mind, we had no interest in that approach.” Dave Citron, another co-founder, emphasized client continuity, adding, “The relationships we have with our client families run deep, and this transaction provides for the continuity they deserve.”
Jeff Hill, Senior Financial Advisor and shareholder at WMS Partners LLC, underscored the long-term benefits for both advisors and clients. “For me and my fellow second-generation shareholders, TRIA’s investment is critical to WMS maintaining its autonomy for the long-term and allowing our advisors to continue to bring objective, creative, and custom solutions to our client families each and every day,” Hill explained. WMS Partners LLC also anticipates expanding its ownership ranks, with plans to welcome three additional employees as shareholders in the near future. CEO of WMS Partners LLC, Todd Wickwire, commented on this growth, “Our partnership with TRIA, and the support and flexibility it provides, allows us to add new employee owners now and well into the future.”
Ben Robins, Co-Managing Partner of TRIA Capital Partners, acknowledged WMS Partners LLC’s unique market position. “WMS is uniquely positioned in the market,” Robins stated. “There are very few firms around the country capable of providing the complex estate planning and sophisticated alternative investment solutions they do, and their roster of planning and investment professionals is best in class. We’re thrilled WMS selected TRIA as their long-term partner.”
About WMS Partners LLC
WMS Partners LLC, established in 1993, operates as a registered investment advisor and multi-family office with over $5 billion in assets under management. The firm was founded to offer an alternative to traditional financial service models, emphasizing independence, transparency, and alignment with client interests. As a fiduciary, WMS Partners LLC provides fee-only services, delivering objective expertise in wealth planning, public and private investments, and family legacy advice to a growing base of affluent families. For further details, please visit www.wms-partners.com.
About TRIA Capital Partners
TRIA Capital Partners specializes in offering tailored financing solutions to leading wealth management firms. Their approach is designed for firms seeking external capital while aiming to maintain majority employee ownership and control. The executive team at TRIA Capital Partners includes co-founders and Co-Managing Partners Steve Cortez, Yvonne Kanner, and Benjamin Robins. More information is available at www.triacapitalpartners.com.
Media Contact:
Juli Blum
WMS Partners, LLC
(410) 337-7575
[email protected]
