SOURCE: FiComm Partners

FiComm Partners

June 01, 2016 12:48 ET

Ultra High Net Worth and Institutional Asset Management Firm Opens National Headquarters in LA County; Lorenzo Esparza Is CEO-Founding Principal

MANHATTAN BEACH, CA--(Marketwired - June 01, 2016) - Manhattan West Asset Management, formerly a J.P. Morgan Securities team in Los Angeles, announced today that it has moved into the independent wealth management space, and will custody with Schwab Advisor Services. Led by Lorenzo Esparza, the firm will focus on providing exceptional client service for ultra high net worth and institutional investors. Clients hail from the world of business, sports, music and entertainment as well as public and private pension funds, endowments, and foundations.

For advisors looking for an "intra-preneurial" business model alongside like-minded professionals who have walked in their shoes, Manhattan West will offer asset management, account aggregation, reporting, compliance and technology. The firm's advisors operate with true partnership and hold meaningful equity, different than a large wirehouse check or rolling up under a "faux-nership" model (that pretends to offer independence but provides little more than a subsidiary existence under a larger RIA platform).

"We have a market-driven business plan created by experienced professionals that are fueled by a relentless determination to succeed." says Esparza. "We know what good Financial Advisors are capable of when afforded true partnership and the resources to be their best."

Esparza continues: "When you eliminate bureaucracy and mindless management impediments, you can unlock real human potential for growth and truly fiduciary client service. I know there are other financial advisors like me who yearn for the freedom to serve clients using every modern resource available."

As a minority-owned firm, Manhattan West immediately qualifies as an "Emerging Manager", an asset management firm classification that institutions look to for dynamic, innovative and alpha generating investment approaches.

Mr. Esparza's career in financial services began at Bernstein Global Wealth Management, the private client arm of Alliance Bernstein (now AB), prior to his joining J.P. Morgan Securities. He graduated from the University of California at Santa Barbara with a B.A. degree and earned his Juris Doctor from Loyola Law School at Loyola Marymount University. Mr. Esparza has experience with the entertainment business, having spent numerous years in various executive level positions at Paramount Pictures (and it's affiliated entities) immediately out of law school.

Manhattan West is backed by a highly experienced and credentialed Senior Advisory Board that includes Eric Briggs, Roy Salter and Brian Brady. Having supported Wall Street's largest firms for decades, Messrs. Briggs and Salter are leading forecast and valuation experts of complex assets and businesses. For over 30 years, Mr. Brady has been a prolific dealmaker and entrepreneur with experience in value accretion across the media investment landscape.

"We are excited to support an innovative, service-oriented asset management firm during this time of significant industry disruption. Without question, the coming years will bring substantial change to the financial industry, and we believe Manhattan West is well-positioned to benefit its advisors and clients," says Briggs.

Manhattan West will offer comprehensive asset management including private equity, direct real-estate investment and hedge strategies. The firm plans to grow aggressively and intelligently in the years ahead, looking to establish further presence in Southern California, as well as major metropolitan cities such as San Francisco, Chicago, and New York.

For more information about Manhattan West Asset Management, our experience and values, please visit: www.mwestasset.com.

For media inquiries, please e-mail: jason.lahita@ficommpartners.com or call 310-593-4222.

About Manhattan West Asset Management

Manhattan West Asset Management is an independent Registered Investment Adviser headquartered in Manhattan Beach, CA. The firm provides exceptional client service for ultra high net worth and institutional investors. Well known individuals from the world of business, sports, music and entertainment as well as public and private pension funds, endowments, and foundations trust Manhattan West's advisors to grow and preserve their hard earned capital. The firm is led by Lorenzo Esparza, veteran financial advisor and wealth manager and offers advisors an intra-preneurial environment within which to serve clients as a true fiduciary. Partner advisors receive access to the financial technology, account aggregation, reporting and compliance platforms available. For more information, visit: www.mwestasset.com.

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