Richmond, VA Office

Cary Street Partners Asset Management (CSPAM) provides discretionary third‑party asset management and sub‑advisory services primarily delivered through registered investment adviser platforms and wrap programs, and it also offers non‑discretionary investment consulting. Its brochure identifies a broad client mix that includes individual and high‑net‑worth clients as well as institutional categories—registered investment companies, insurance companies, governmental entities, corporations, and retirement plans.

Investment offerings are organized into CSP Global model portfolios, which combine an academically vetted, quantitative efficient‑frontier asset allocation with manager research focused on mutual funds and ETFs, and CSP Separate Accounts, which use qualitative fundamental analysis to construct portfolios of individual equities and fixed income; accounts are managed to client profiles and rebalanced periodically. The firm also serves as investment adviser to a proprietary actively managed ETF (Fairlead Tactical Sector ETF, TACK) and implements strategies within wrap fee and model programs.

Distinctive features called out in the brochure include affiliation with a broker‑dealer (Cary Street Partners LLC), related advisory entities, an affiliated accounting practitioner, and indirect majority ownership by private equity (CIVC Fund VII), along with its explicit role advising a proprietary ETF and acting as portfolio manager for wrap programs—arrangements less common among comparable team firms. The disclosures also note that certain separately managed account strategies may involve borrowing, margin or options, that many services are provided through third‑party advisers, and that standalone financial planning is not presented as a primary offering by CSPAM.