Investment-platform provider says there's overlooked talent in small shops. Concord Wealth Management has added boutique manager Coho Partners to the investment platform it provides to fee-based advisors at trust banks, RIAs, family offices and broker-dealers.

Coho is a single-style shop that manages around $300 million in its stable growth, large-cap core stock strategy.

Singular

"We believe that the investment community shortchanges portfolio construction by ignoring the investment capabilities of boutique investment firms," says Concord's CIO Kirk Loury. "Coho Partners exemplifies an investment team singularly devoted to a specific investment process, with a service orientation you would expect from such devotion."

West Conshocken, Pa.-based Coho "focuses on preserving principal during difficult periods while providing meaningful participation during rising markets," says its CIO Peter Thompson. He adds that Coho's long-term investment horizon "tends to produce very low turnover and hence very tax efficient returns."

Thompson, previously a senior portfolio manager with Philadelphia-based investment-counseling firm Cooke & Bieler, founded Coho in 1999. The firm is named for a fish he enjoys catching.

Matawan, N.J.-based Concord provides open-architecture investment platforms to about 30 financial institutions, most of them small- to medium-size trust banks -- including Orlando, Fla.-based Seaside National Bank & Trust, a new client.

Concord also recently became a separately managed account provider on a program for introducing broker-dealers sponsored by clearing and custody firm Pershing. -FWR

Purchase reproduction rights to this article.