Mavros Capital Launches Multi-Family Office with $500 Million in AUM, Selects Goldman Sachs Custody Solutions

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BEVERLY HILLS, Calif., October 10, 2023–(BUSINESS WIRE)–Mavros Capital, a diverse-led, multi-family office serving influential families and institutions, today launched with $500 Million in AUM and Goldman Sachs Custody Solutions as its primary custodian.

Led by three entrepreneurial partners, Isaac Richard III, V. David Russell, and Mike Germain, Mavros Capital has created a new paradigm for the wealth management industry by providing a boutique and modern experience that blends culture, investing, and technology for its growing client base.

The initial partners and advisors have a combined $500 million in assets under management, with more advisors in the pipeline. Principals at the firm expect to reach $750 million in total assets by the end of 2024.

“The traditional wealth management client experience is obsolete and needs to be disrupted,” said Isaac Richard III, co-founder and managing partner. “We’ve architected Mavros to be the single point of contact for all familial, financial, philanthropic, and lifestyle-related activity without the constraints of major wirehouses.”

“Leveraging our relationships with venture capital and private equity platforms globally to access compelling investment opportunities for our clients is a top priority,” said Mike Germain, co-founder and managing partner. “It takes talent to become wealthy, but the right mindset and access to remain wealthy.”

Goldman Sachs Custody Solutions: The Ultimate Custodian Choice

Mavros chose Goldman Sachs Custody Solutions as their custodian for its prestigious brand, institutional research, access to a global and alternative investment platform, and safeguarding of client accounts. Mavros clients benefit from Goldman’s more than 150 years of experience working with the world’s leading businesses, entrepreneurs, and institutions, solving their most complex financial problems.

“We believe the Goldman Sachs Custody Solutions platform is a perfect complement to our deliverables,” Richard added, “Access to their scale, coupled with our strategically built client base and ecosystem enables us to evolve as the needs of our families change and remain relevant for the future generations of family members.”

“Leveraging Goldman Sachs Custody Solutions’ platform, Mavros was built and designed to be the ideal choice for clients and advisors who want more dynamic marketplace offerings and better client relationships,” added V. David Russell, co-founder and managing partner. “We are excited to lead the disruption in our industry and set a new standard for clients and advisors.”

About the Founders

Richard began working in the financial services industry at Merrill Lynch and spent the majority of his career at Morgan Stanley. He has also founded a private family foundation, The Isaac Richard Family Foundation, focused on providing financial literacy initiatives for underprivileged communities.

Born in Haiti, Germain understands the issues relating to being perceived as being more successful than childhood friends. He began his professional career as a commercial banker for SunTrust Bank and has worked for Ernst & Young’s assurance practice with rotations in their M&A practice. He then served as chief accounting officer at Canyon Bridge Partners, a $1B private equity firm focused on technology companies. Most recently, Germain was chief financial officer at TRUE Capital Management, with involvement in the venture committee. He is a dual CPA (licensed in the state of Georgia) and CFA charter holder.

Russell began his professional career in private equity with TPG Capital before moving to private wealth management. While working at J.P. Morgan’s Private Bank, he launched their first diverse wealth initiative, now called the Black Wealth Initiative. He is an adjunct professor at the TCU Neeley School of Business and actively serves on multiple non-profit boards with a focus on early childhood education, financial literacy, and economic development.

Headquartered in Beverly Hills, the three Mavros founders are joined by a team of experienced planning, investment, and client service professionals, and supported by innovative technology infrastructure.

About Mavros Capital

Mavros Capital is a privately held, global multi-family office advising influential families and institutions. We are a trusted advisor facilitating meaningful strategic relationships across governance, investment management, family legacy, and philanthropic impact. Mavros’ value is predicated on helping clients make more informed decisions to live better lives. For more information, please visit: www.mavroscapitalgroup.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231010799652/en/

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Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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