(January 3, 2022) SDA Wealth Strategies, LLC (SDA) has reached a strategic partnership with Hudson Valley Investment Advisors, Inc. (HVIA) to broaden its investment management services.
“This is a gamechanger. We will gain greater control over the investment management process and portfolio construction,” said Scott Coopersmith, SDA Wealth Strategies President and Founder. “We are looking forward to collaborating with such a reputable firm and are most excited by how this will benefit our clients – SDA gets institutional quality advice that will help us optimize their investment experiences and better execute their financial plans.”
Under the joint venture, SDA will be able to deliver enhanced independent investment services to clients through a new Outsourced Chief Investment Officer (OCIO) program based on HVIA’s rigorous investment framework, knowledge and asset allocation process. This services agreement also allows them to leverage HVIA’s investment insights and deliver customizable investment strategies geared to client risk profiles on the American Portfolios platform. SDA also will have a seat on HVIA’s risk management committee.
“The OCIO provides thought leadership on key investment issues and gives us proprietary insights on investment allocations to construct portfolios, plus even more tools to judge the performance of third-party asset managers” Coopersmith explained. “The power of this new process allows us to provide service usually reserved for institutional investors, but with touch and feel customized for individuals.”
SDA will, in turn, be a wealth management partner to HVIA for existing client relationships and new ones as they continue to grow. HVIA manages assets for large endowments, foundations, and high net worth families in the Hudson Valley region. SDA’s team adds decades of diverse financial professional experience operating in key New York counties including Orange, Westchester and Rockland as well as Bergen County, NJ.
Gustave J. Scacco, HVIA’s Chief Investment Officer & CEO said the joint venture is “innovative,” noting it demonstrates his company’s commitment to serving their clients and growing with what SDA offers. “Evolving our business to deepen relationships with clients through a more holistic service model and enhancing our investment offerings will sustain our competitive positioning into the future of the asset and wealth management industry,” he said.
Scacco continued, “The JV creates the best value proposition for clients by bringing together broadened services to a wider range of existing and future clients. [It] also allows HVIA to build upon already strong investment management offerings and client service capabilities. This is a potent step forward.”
HVIA, which is owned by Orange County Bancorp, Inc, is an active, institutional investment manager with over $1 Billion in AUM (Assets Under Management) and expertise in Core Equities. HVIA manages assets for many of the largest endowments, foundations, and high-net worth families in its region and beyond.
Summing up the joining of forces, Coopersmith said, “HVIA prides themselves on their client experience and so do we. Overall, this allows us to bring our services and expertise to a whole new subset of clients in the Hudson Valley and well beyond. They are deeply rooted in the Hudson Valley, and so are other members of my team and I. We have lived and grown up here. That really matters. We can’t wait to get started.”