COMPANY RELEASE – December 21, 2009
Samoset Releases Version 2.0 of Samoset Wealth & Asset Allocation Tool (SWAATSM)
DARIEN, CT – Samoset Capital Group LLC announced today that it was releasing Version 2.0 of its proprietary wealth management platform, Samoset Wealth & Asset Allocation Tool (SWAATSM). SWAAT provides financial advisors with tools for client service, business management and investment management.
Developed by a team at Samoset Asset Management Company LLC led by David Litt, Head of Product Development and a co-founder of Samoset Capital Group, SWAAT provides an open-architecture, quantitative framework for financial planning, customized, quantitatively-driven asset allocation, manager risk assessment, selection and monitoring, and fully customizable client reporting. The platform compares asset managers within a quantitative methodology utilizing SPaRC, a proprietary analysis framework developed by Samoset Asset Management Company for assessing style, performance, risk and consistency of those managers.
Version 2.0 of SWAAT provides the following enhancements:
· fully integrated reporting for both financial planning and portfolio performance;
· a work-flow framework for numerous business control tasks such as on-boarding new clients; and
· a client document storage “vault.”
SWAAT targets the needs of the financial advisor servicing high net worth clients and, through its flexibility and ease of use, provides leverage to the financial advisor to better serve existing, and build new, relationships.
While traditional asset management, as a general matter, focuses solely on assets and volatility, Samoset’s wealth management approach focuses on forward income and liability requirements to help Samoset customize asset allocation to address the multiple objectives, time horizons and risk parameters of each client. While conventional financial advisors try to determine their clients’ tolerance for risk, SWAAT helps Samoset determine its clients’ need for risk so that its financial advisors can provide more appropriate advice.
About Samoset Asset Management Company and Samoset Capital Group
Samoset Asset Management Company LLC is a private wealth management company, registered with the U.S. Securities and Exchange Commission, providing financial, estate and legacy planning and an independent, open-architecture platform with proprietary and third-party investment solutions to high net worth and ultra-high net worth individuals and families, endowments and foundations. It provides clients with a full platform of wealth management services, delivers customized investment strategies and utilizes a global array of traditional and alternative asset classes, and is a wholly-owned subsidiary of Samoset Capital Group.
Samoset Capital Group LLC is a private, independent wealth management firm focused on delivering financial planning, investment and private banking/trust services to high net worth individuals and families, endowments and foundations, and institutional partners and their own institutional, high new worth and mass affluent clients on a private-label or direct basis. Since its founding, Samoset Capital Group has attracted an experienced team of management and investment professionals that share the vision of a firm aligned exclusively with its clients and a strong belief in a multi-generational approach to managing family wealth. Samoset Capital Group and Samoset Asset Management Company are based in Darien, Connecticut.
For more information on Samoset Capital Group and Samoset Asset Management Company, please visit www.samosetllc.com.
Contact: Peter Milhaupt, Head of Sales & New Business Development