Former Grayhawk Investment Strategies co-chief executive Michael Kaumeyer has joined independent money manager Nicola Wealth Management Ltd. to help build a new ultrahigh-net-worth business with the aim of attracting a greater number of families with at least $25-million of wealth.
“This is really about exploring how do we as a firm build deeper, more meaningful relationships with clients and not just with the wealth creators in a family but with spouses and members of the next generation,” Mr. Kaumeyer said in an interview. “Because even if we manage all the money perfectly for the next 20 years, if we haven’t helped the family create that next layer of stewardship and grounded all members within a family then we’re not going to accomplish our goal.
Nicola Wealth president Chris Nicola said in a statement that Mr. Kaumeyer’s expertise will help “elevate” the company’s position among wealthy families across the country.