COMPANY RELEASE – January 15, 2009
Samoset Wealth & Asset Allocation Tool (SWAATSM) Marks First Year Anniversary
DARIEN, CT – Samoset Capital Group LLC announced today that its proprietary wealth management platform, Samoset Wealth & Asset Allocation Tool (SWAATSM), which provides financial advisors with tools for client service, business management and investment management, has been in operation for one year and is currently being used by financial advisors.
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 across all traditional and alternative investment strategies with 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. By decomposing SPaRC scores into four components, SPaRC better captures the true characteristics and skill of a manager when compared to other fund/manager ratings.
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.
SWAAT, combined with the Samoset investment team’s years of experience, offers a systematic framework to implement, rebalance and actively manage client portfolios to meet custom objectives.
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