$3.61 billion Cleros Wealth launches independent RIA

Cleros Wealth Partners has launched as an independent registered investment advisor (RIA) after its team oversaw approximately $3.61 billion in assets at UBS, serving high-net-worth families and multigenerational wealth.

Cleros Wealth is led by Founding Partners Kyle Kight, CFA®, Alex Armstrong, CFP, and Jamie Packer, CIMA®, CPWA®. The firm provides comprehensive, holistic wealth management and financial planning services to high-net-worth families, as well as several prominent, community-focused endowments and foundations.

The majority of Cleros Wealth clients have deep familial roots in Fort Worth and the surrounding Tarrant County community. More than half have worked with the team for over 20 years, with some relationships spanning more than three decades. The team, which formerly operated as Thompson, Kight, Armstrong & Packer in affiliation with UBS, chose independence to source potential investment opportunities, navigate increasingly sophisticated investment and wealth management needs across market conditions, and effectively steward their wealth across generations.

"I'm fortunate to have spent the past 27 years working alongside some of the best financial advisors in the industry, including the original founding partner of our group, who was a true pioneer in the business. Now, we have the opportunity to continue this legacy of doing what we do best for clients, with greater flexibility and more ways to serve them," said Kyle Kight, CFA®, Founding Partner at Cleros Wealth Partners. "Our clients have worked very hard to build significant assets. Independence will strongly position us to continue providing personalised advice and plans for protecting and growing those assets from generation to generation for the benefit of their families and community."

"Fort Worth has held onto what makes it unique as it has grown and transformed over time, and we are dedicated to doing the same for our practice and our clients," said Alex Armstrong, Founding Partner at Cleros Wealth Partners. "Our mission is to make a difference in the lives of our clients and their families by giving them the big-picture insights and confidence to pursue their life goals. We are proud of what we have accomplished and energised by where we can take our practice from here."

Cleros Wealth launched with a strategic investment from Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms providing capital, infrastructure and back-office support. Cleros Wealth custodies client assets with Goldman Sachs Custody Solutions.

"Cleros Wealth Partners represents the kind of firm we're designed to support: one deeply rooted in their community with a genuine commitment to comprehensive, generational, and holistic planning for the clients they serve," said Brad Smithy, Founding Partner and President of Wealth Management at Elevation Point. "We're proud to partner with Cleros Wealth and provide the technology, investment solutions, bespoke private markets capabilities and other resources to help Kyle, Alex, Jamie and team build on an already strong foundation."

The 11-member Cleros Wealth team also includes:

• Angie Bentley, Senior Client Service Associate
• Barbara Bodon, Senior Client Operations Specialist
• Tiffany Hayes, Senior Client Operations Specialist
• George Marlow, Investment Analyst
• Cindy Molina, Senior Client Service Associate
• Marlie Thomas, Senior Relationship Manager
• Jennifer Watson, Client Service Associate
• Grace Wynne, Relationship Manager

"We are committed to being in the best position possible to serve the families and organisations we are privileged to work with across generations: giving them the financial education and guidance to steward their wealth with purpose and intention," said Jamie Packer, CIMA®, CPWA®, Founding Partner at Cleros Wealth Partners. "Elevation Point understands that long-term commitment and respects the unique history and heritage of Fort Worth that shapes our client relationships and how we evolve alongside them."

Re-disseminated by Wealth and Society