NJ.com: R. Seelaus & Co., Inc., Summit Acquires Granite Springs Asset Management LLC

R. Seelaus & Company, Inc. is pleased to announce the acquisition of Granite Springs Asset Management LLC on December 31st 2012. As a wholly owned subsidiary of R. Seelaus & Co., Granite Springs Asset Management will provide wealth management services for private clients, as well as asset management services for family offices, foundations, pension plans, and other institutional investors.

“We are very excited to unite our sophisticated wealth management services with the developed asset management capabilities of Granite Springs,” says Bernard Garruppo, Managing Director of R. Seelaus & Co. “The combination of resources resulting from this strategic alliance creates an exceptionally deep and diverse financial services offering for all of our current and future clients.”

“We expect our acquisition of Granite Springs Asset Management to contribute significantly to the overall long term growth of R. Seelaus & Co.,” says Garruppo.

“We are thrilled to be an integral part of the dynamic and growing organization that is R. Seelaus & Company,” says Patrick Smith, Chief Investment Officer of Granite Springs Asset Management. “Our complimentary capabilities make a perfect fit from the perspective of all the stakeholders in both Granite Springs Asset Management and R. Seelaus & Co.,” says Smith.

R. Seelaus & Company, Inc. is an employee-owned financial services firm headquartered in Summit. Established in 1984, the firm was initially a municipal bond dealer conducting business with the major trust banks of New York and Chicago. R. Seelaus & Company has become a full service financial firm meeting the planning and investment needs of high net worth individuals and businesses. The firm employs more than 60 financial advisors, traders, and analysts who work together to trade profitably for clients every day. For more information about R. Seelaus & Company, Inc. visit rseelaus.com.

Granite Springs Asset Management LLC is a SEC registered investment advisor (RIA) with offices in Summit, NJ and New York, NY. Granite Springs provides fixed income and equity portfolio management using publicly traded stocks and bonds, as well as tactical asset allocation strategies using exchange traded funds (ETFs). The firm works with private clients, family offices, foundations, pension plans and other institutions. For more information about Granite Springs Asset Management LLC visit granite-springs.com.

VIEW ARTICLE