NEW YORK, NY and SANTA MONICA, CA - Cantor Fitzgerald Wealth Partners, LLC (CFWP), an affiliate of Cantor Fitzgerald & Co. serving the private wealth management market, and Wilshire Funds Management (WFM), the global investment management business unit of Wilshire Associates Incorporated (Wilshire), today announced that they have entered into an exclusive strategic advisory partnership designed to deliver customized investment advisory solutions to CFWP’s high net worth clients. In addition WFM will advise the CFWP Investment Committee.
Founded in 1945 and 1972 respectively, Cantor Fitzgerald and Wilshire bring to the table more than 100 years of combined experience servicing some of the world’s largest institutional clients. Both firms have since expanded beyond their institutional heritage to focus on the unique needs of individual investors.
“The impetus for launching CFWP was to leverage the expertise that Cantor Fitzgerald has long delivered to our institutional clients and make it accessible to high net worth investors” said Stan Gregor, President and Chief Executive Officer of Cantor Fitzgerald Wealth Partners. “CFWP is committed to providing our clients with best in-class investment solutions and through our collaboration with Wilshire, we are bringing to market a very sophisticated and exclusive offering.”
Wilshire Funds Management will work closely with CFWP advisors to conduct in-depth manager research utilizing its proprietary research process and analytical tools. Wilshire will also deliver a suite of outcome-oriented model portfolios that include traditional and non-traditional asset classes and investment strategies. “Cantor Fitzgerald Wealth Partners and Wilshire Funds Management both strive to impart institutional best practices and to empower financial advisors with sophisticated research and advisory support that foster scale and improve investment outcomes for individual investors,” said Jason Schwarz, President of Wilshire Funds Management. “Our alignment of vision and purpose make this partnership very exciting.”
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate financing and its global distribution platform. Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit www.cantor.com.
Since its founding in 1972, Wilshire Associates has evolved from an investment technology organization into a leading global investment services firm specializing in discretionary fund-of-funds portfolio management, investment consulting services, and investment technology solutions. Based in Santa Monica, California with ten offices on four continents, today Wilshire Associates employs 300+ associates worldwide, more than 65 of whom contribute to manager research. As of December 31, 2013, Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated., advises on more than $127 billion in assets for financial intermediaries. For more information please visit www.wilshire.com.