Klingenstein Fields Advisors Acquires the Assets of The Solaris Group, LLC

Published: June 18, 2019

Klingenstein Fields Advisors (KF Advisors), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management. Under the terms of the transaction, both firms will benefit from shared physical, investment, human, and technology resources. Kenneth D. Pollinger, CEO and Co-Chairman of KF Advisors, and James W. Fields, President of KF Advisors, will maintain their roles with the combined entity. Kenneth H. Fields, a founding partner of KF Advisors, will continue as Co-Chairman and Chief Investment Officer. Solaris co-founders Ralph Sinsheimer, Albert Bellas, and Stephen Brent Wells will continue in senior positions at the combined firm and will continue to manage Solaris client portfolios and relationships.

“With this transaction, KF Advisors solidifies its position as one of the top independent Registered Investment Advisers in the country, with a commitment to delivering high-quality wealth management and personalized service. We identified Solaris as an institution with a high caliber of experienced wealth management professionals who share the same client-centric approach to relationship management and stewardship of their clients’ assets. We are excited and look forward to the future, with clients from both KF Advisors and Solaris benefiting from the enhanced resources and capabilities offered,” said Kenneth D. Pollinger.

James W. Fields added, “The addition of Solaris allows KF Advisors to expand its range of investment management solutions, with Solaris’ deep expertise in the creation of multi-manager asset allocation portfolios that include traditional ‘long-only’ asset classes as well as alternative investments.”

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This material is provided for informational or educational purposes only and should not be construed as investment, accounting, tax or legal advice. Always consult a financial, tax and/or legal professional regarding your specific situation. This communication is not intended as a recommendation or as investment advice of any kind. It is not provided in a fiduciary capacity and may not be relied upon for or in connection with the making of investment decisions. Nothing herein constitutes or should be construed as an offering of advisory services or an offer to sell or a solicitation to buy any securities or a recommendation to invest in any specific investment strategy. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future returns. The views expressed herein are as of a particular point in time and are subject to change without notice. The information and opinions presented herein are general in nature and have been obtained from, or are based on, sources believed by Klingenstein Fields Advisors (“KF Advisors’) to be reliable, but KF Advisors makes no representation as to their accuracy or completeness. Although the information provided is carefully reviewed, KF Advisors cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided. KF Advisors represents two investment advisers registered with the Securities and Exchange Commission: Klingenstein, Fields & Co., L.P. and KF Group, LP. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.