Strategy

Three Native American Investment Managers Team Up

Nick Parmee 28 August 2007

Three Native American Investment Managers Team Up

Colorado-based Native American Bank, Sycuan Funds of California and Seacrest Investment Management of South Dakota are forming a marketing alliance to bring a full range of financial services to individual Native American and tribally-owned businesses from firms with Indian principals, according to local news source Indian Country. Lynn Rapp, managing partner in Seacrest and a member of the Oglala Lakota tribe, went to Chickasaw J D Colbert, chief executive of Native American Bank, and Creek VaRene Martin, principal relationship manager of Sycuan Funds, postulating "a need for financial services that cover all asset allocation classes and are sensitive to sovereign nations and customs". The three plan to target not just tribal governments, but tribally-owned businesses and businesses with American Indian owners. The spectrum of services available includes "full-service banking and cash management, investment policy consulting and implementation, investment management services and financial training". Each will continue to work out of his or her current offices.

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