Slate Hill Partners, LLC (“SHP”), a single-family-office-backed holding company, announces it has taken a minority stake in XO Wealth Management (“XO”). With over $630 million in assets under management, XO is one of Texas’ fastest-growing RIAs. XO is SHP’s first investment into an RIA, and intends to deploy more capital into Lone Star State financial services firms.
“XO Wealth Management is a terrific firm run by exceptionally talented and committed individuals,” says Joe Valdman, Managing Partner of Slate Hill Partners. “As a fellow Dallas-based firm, we’re thrilled to support the growth and future success of XO, which has impressive brand recognition in Texas, a growing client base, and a strong track record of delivering high-quality service. Moreover, our respective cultures of putting the client first totally align.”
XO Wealth Management, founded in 2016 by Managing Director Matthew Fuller, serves the needs of high-net-worth individuals, corporate executives, and entrepreneurs, among others, with bespoke financial planning and investment management services. XO’s team of talented advisors has cemented its place as a leading Dallas-based firm, with notable recognition and accolades that include earning a spot on Citywire’s list of fastest-growing RIAs in Texas.
“We have enjoyed getting to know the Slate Hill team and appreciate the transparency and commitment they’ve shown to us throughout this process,” says Fuller. “We view SHP as an exceptional partner and perfect match for our firm. Our clients will benefit from this new partnership, with no disruption to the high-quality service we provide. We look forward to bringing our clients new opportunities and services, including more family office capabilities and private equity offerings.”
Terms of the transaction were not disclosed.
Source: Company Press Release