Lenger said to deliver performance, lower cost and enhanced tax management. VisionQuest Wealth Management, a Raleigh, N.C.-based multifamily office and "Personal CFO" to high-net-worth individuals and families, seems to have handed the traditional-investment part of its business over the care of Lenger Asset Management.

"Lenger Asset Management brings the ability to provide a completely independent investment-management platform leveraging the benefits of many different broker-dealers and trust companies, allowing VisionQuest and Lenger Asset Management to provide clients with highly tailored solutions while not being bound to a single product," says VisionQuest's president and CEO Steve Peters.

Symbiosis

Prior to the tie-in with Lenger Asset Management, three-year-old VisionQuest assembled its own roster of managers drawing, initially at least, on Peters' prior tenure with Oaks, Pa.-based manager of managers SEI.

"Changes in the capital-market environment prompted us to re-evaluate our investment platform," says VisonQuest's client-service director Jessie Hrivnak. She adds that going with Jacksonville, Fla.-based Lenger Asset Management, an RIA like VisionQuest, meets VisionQuest's clients' three fundamental investing criteria: better performance, lower cost, and enhanced tax management of non-qualified accounts.

"My role and the role of the entire firm is to provide the best solutions and advice at the best value," says Hrivnak. "We feel that Lenger can do just that for our client base."

The partnership between Lenger Asset Management and VisionQuest draws on each firm's complementary strengths, according to Lenger Asset Management's president and CEO Keith Lenger.

"[VisionQuest does] an excellent job of bringing in new clients and then wrapping an experience around the services they provide to their clients," says Lenger. "We haven't really seen a system in the industry like theirs."

Lenger adds that "VisionQuest's ability to identify private-equity and private-debt opportunities" could "be of significant interest to even our existing client base."

Last year, VisionQuest launched a creative-financing affiliate called VisionQuest Capital to provide its clients -- many of whom are entrepreneurs -- with advice on sourcing and structuring capital raises between $2 million to $50 million for financing, re-financing, M&A transactions and corporate growth. -FWR

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