Gresham Hires Head To Lead Growth; Targets "Top One-Tenth Of The 1 Per Cent"
As liquidity and wealth creation has slowed down, Gresham Partners wanted to tackle the issue of sustainable growth for the next five to ten years.
As liquidity and wealth creation has slowed down, Gresham Partners, the Chicago-based wealth management firm with approximately $3.5 billion in assets, wanted to tackle the issue of sustainable growth for the next five to ten years.
The firm reached out to wealth management veteran Wallace Head, the former president and chief executive of Family Office Exchange and chief executive of wealth management for The Private Bank in Chicago, who was running his own consulting firm for wealthy families, Personal Fiduciary Advisors.
Head had worked with Gresham before, initially helping the firm transition from an executive planning firm to a wealth management firm twelve years ago and on subsequent projects afterwards.
The more familiar Head became with Gresham’s capabilities and growth potential, the more impressed he became. This month, Family Wealth Report has learned, Head officially joined Gresham as a principal and vice chairman and merged his consulting firm with the wealth manager.
“It was a very attractive opportunity,” Head told this publication. “I was very impressed by Gresham’s independent ownership model, nearly zero conflict of interest and ability to deliver excellent investment services.”