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| Additional information |
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| True North Advisors, LLC |
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Overview:
Having wealth can be a blessing and a challenge. The benefits of the blessing are obvious. What is less obvious is how best to handle the challenge.
Choosing an investment manager is one of the most important financial decisions you can make. The difference between making a good choice and a poor choice can be the difference between achieving your financial goals and wishing you had. Behavioral finance, which studies the way people make financial decisions, reveals that investors tend to make financial decisions based not on rational thought and with prudent due diligence, but on emotions and with impulsivity. What you need is a partner to help you design a path that is right for you; someone who shares your values and encourages you to act only with rational thought.
True North Advisors is an independent investment advisory firm founded by experienced professionals who understand that expert advice cannot be provided without objectivity. Our truly consultative approach ensures that our clients’ needs always come first. This core value, combined with our ability to search the investment universe for best-in-class money managers, leaves us in a position to help our clients enjoy the blessing of wealth, without having to worry about the challenge. |
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History:
True North Advisors was born out of a shared vision of its two founders, Scott Wood and Mark Gehlbach, to offer a dramatically better service in the world of wealth management. Coming from traditional money management firms where advice was tied to the selling of products, they became convinced that trustworthy advice could only be provided to clients through a firm with complete independence, objectivity and the absence of conflicts of interest.
They were convinced that a truly consultative approach would ensure that clients’ needs always come first, focusing solely on their goals so that wealth can be enjoyed as the blessing it should be.
Scott and Mark envisioned a firm and a team of people that would get up every day excited to help people achieve a level of confidence and peace of mind from knowing they are securely on the path to their financial life goals. They envisioned a firm that would be the best at what it does, a place that clients felt comfortable telling their friends about, and where industry professionals would vie for an opportunity to join the team.
Growth Since 2000
Despite opening its doors in one of the worst bear markets in history, the advisory solution that Scott and Mark developed and deliver today at True North Advisors has been well received.
Over the last ten years, cross-generational families, successful business owners and executives, both young and old in various stages of life have trusted True North with helping them plan and navigate their financial future. True North grew from the $150+ million in client assets initially managed by Scott and Mark to more than 500 clients with over $1 Billion in assets under management. Beyond the metrics, the team and True North has grown in its conviction, experience and commitment about how best to help clients realize their own envisioned future.
Notable milestones:
In the Fall of 2005, Charles Schwab & Co. recognized True North Advisors as one of the best-managed advisory firms in the country.
In August of 2008, the Dallas Business Journal ranked True North Advisors among the top eleven financial asset managers in the Dallas/Ft. Worth area.
In December of 2008, Investment News acknowledged True North Advisors as of the top 50 fee-only advisors in the country, ranked by growth in discretionary assets under management.
In July of 2009, Wealth Manager Magazine recognized True North Advisors as the 150th ranked Wealth Manager in the country among the Top 500 based on asset managed per client.
In August of 2009, Barron’s named True North in the Top 100 Independent Financial Advisors in the country, based on assets, revenues and quality of the firm’s practices.
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KEY Facts:
Founded: 2000
Located: Dallas, Texas
Employees: 26
Primary Services: Investment Consulting Services
Approximately 500 clients
Client retention rate of 98%
Servicing private and institutional clients
Average of 18 years investment experience per consultant |
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| Asset Under Management:
over $1 billion |
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