The CR Wealth Management Group Fee Structure

A senior partner and Director/Investments with the CR Wealth Management Group of Stifel, David Stone works with a 10-person team to take the financial goals of corporate, institutional, and high-net-worth clients into account when creating wealth management strategies. David helps create investment plans that take a diversified approach to preserving assets while striving for long-term capital growth, where required, rather than short-term gains.

Clients are typically sophisticated individuals who have already achieved financial success. Founders and partners of hedge funds, private equity firms, and investment bankers are joined by nonprofits and other private business owners, with each developing plans that are tailored to their specific needs.

The services attached to these plans are usually fee based, with Stifel making use of third-party money managers to ensure transparency and objectivity in the offering. However, the firm also offers a number of other investment opportunities that can be incorporated into strategies based on the needs of the client.

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Offering Hedge Funds

As Director/Investments with The CR Wealth Management Group of Stifel, David Stone helps corporate and individual clients pursue their financial goals. Based in Stifel’s offices in New York, David offers wealth management strategies that incorporate various products, such as hedge funds . A form of alternative investment, hedge funds pool funds from several investors in an effort to generate positive active returns for all investors in the pool. Hedge funds often make use of derivatives (which are securities that have a price dependent on at least one underlying asset) that may be aggressively managed with the aim of creating high returns, usually above those specified in a market benchmark. Hedge funds take numerous forms, but most strive to identify opportunities within a certain market. Typically, investments in a hedge fund are considered illiquid, which means investors may not withdraw their money from the fund for a certain time period (often referred to as a lock-up period). ...

Details of Tax-Loss Swaps

As Director/Investments of The CR Wealth Management Group of Stifel, David Stone works closely with ultra-high net worth and high net worth clients. David and his colleagues collaborate with an experienced tax and estate attorney, as many of the group’s clients have complex tax needs. To serve the needs of clients with complex tax situations, David draws on his knowledge of tax-loss swapping . This technique can serve as an option when rates have increased and caused the value of a bond to drop below its base cost. By selling the bond at a loss, the investor can fund the capital gains tax due upon the sale of an asset. David understands the many intricacies involved in a tax-loss swap, including the wash sale rule, which forbids the recognition of a loss if the investor purchases a substantially identical product within a 30-day period prior to or after the sale. He must also determine whether the relevant gains and losses will occur within or after 12 months. Gains or losses experi...

The Basics of Initial Public Offerings

As Director/Investments of The CR Wealth Management Group of Stifel, David Stone provides clients with a coordinated approach to asset allocation. David Stone and the Stifel team offer a range of fee-based strategies, as well as initial public offerings (IPOs). IPOs are traditionally arranged via a broker-dealer, broker-dealer group, or investment bank. They involve the purchase of shares from the company going public, with the shares distributed to investors. When interest in an IPO is high, the shares often find their way to institutional investors that are willing to take major shareholder stakes. Because the shares associated with IPOs are often quite limited, one investor or investment group obtaining more than 10 percent of the allocation is extremely rare. Individual investors typically access sought-after IPO holdings through large asset managers. Unfortunately, in some cases, not all investors interested in high-profile IPOs are able to participate, as many are seekin...

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