SOUTHFIELD — Telemus Capital Partners, an independent advisory firm specializing in wealth management services for high net worth individuals, today announced plans for an organizational restructuring, effective January 1, 2013. Due to their success and growing size, Telemus will be spinning off its two proprietary investment funds, the Telemus Income & Principal Preservation Fund and the Telemus Growth & Income Fund, into a separate entity. The restructuring is part of an ongoing effort to further drive focus within the organization, and to better support Telemus’ function as an independent advisory firm.
Under the revised structure, Jim Robinson, Telemus’ chief investment officer and CEO, has formed a newly registered investment advisory firm under the name Robinson Capital Management. Robinson and his team will focus exclusively on asset management, and will manage the former Telemus investment funds to now be named the Robinson Income & Principal Preservation Fund and the Robinson Growth & Income Fund.
Telemus’ management team and Robinson determined the need to create an entirely new entity due to success of the funds and the differences in governance, regulation and personnel-related issues that exist between a traditional investment advisory firm and an investment/funds management company.
Robinson has been contracted by Telemus to continue serving its clients by providing the same expertise in investment services that he has since joining the company in 2007. The role of CEO at Telemus will be replaced by a partner-driven leadership team, including Gary Ran, Lyle Wolberg, Robert Stone, Mary Bakhaus and Joshua Levine.
“These structural changes will allow everyone to best focus on their areas of passion and expertise, while further solidifying Telemus’ role as Michigan’s leading independent advisory firm,” said Gary Ran, Telemus partner and chairman. “Our clients won’t notice any changes in the services they receive or in their daily interactions with our firm; only that everyone at Telemus is singularly focused on helping achieve their wealth management goals.”
“The introduction of Robinson Capital Management allows me to focus exclusively on investment management and shed all of my other administrative and managerial responsibilities,” said Robinson. “It’s a positive development, which should only strengthen already strong investment results.”
Robinson and his team will continue to reside in Telemus’ Southfield office.