Expanding The Matrix: US Wealth Firm Has A Name Change, Expands

Robbie Lawther

7 November 2017

New York-headquartered Matrix Private Capital Group, formerly Matrix Wealth Partners, has rebranded and has expanded its operations across the US with the establishment of two wealth management centers in Palm Beach, Florida and Los Angeles, California.

As part of the growth strategy, Matrix Private Capital has hired four investment professionals to the firm's offices in New York, Palm Beach and Los Angeles, the firm said in a statement.

Matrix will be led by former Lehman Brothers chairman and chief executive, Richard Fuld, and will provide tailored investment solutions to high net worth individuals, family offices and institutions.

“We see clear opportunities in a flawed and highly fragmented financial services market,” said Fuld “While many of our competitors focus exclusively on specific areas such as wealth management, asset management, investment banking and private equity, we have integrated these services into one firm and our singular focus is to create value for our clients across their liquid wealth, privately-held assets and closely-held businesses.”

Hires
Also, Thomas Deutsch has joined the firm’s New York office as a managing director. Deutsch has over a decade of investment experience as a securities analyst at Neuberger Berman and will be responsible for managing an alternative equity strategy to complement the firm’s wealth solutions.

Monte Resnick has been appointed as managing director at Matrix Private Capital Group's Palm Beach office. Resnick, who has provided wealth advice to affluent families and foundations for the last 17 years, will be responsible for leading the Southeast expansion of the firm with the support of client service director, Michelle Lutein.

Matrix Private Capital Group has also hired Lance Bryan as a managing director to lead its Southern California wealth advisory capabilities. Bryan will work closely with affluent families, executives, entrepreneurs and creative artists and will build the firm’s presence in the Los Angeles market.