The Stackman | Casriel Group, a team within UBS Private Wealth Management based in New York, NY, is led by senior members Scott Stackman, Lyle Casriel, Larry Evans, and Matthew Klein. With $9.5 billion in custodied assets, the team focuses on providing high touch, high service approach to the 80 families they cover. Stackman and Casriel, both natives of Long Island and Manhattan, have been working together for nearly two decades, initially meeting at Lehman before joining UBS in 2008.
The team prides itself on their ability to differentiate themselves in the market by creating alpha through their experience and advice beyond just investing. Their investment philosophy involves taking a bespoke endowment model approach to building client portfolios, aiming to make them all-weather and durable. They utilize a combination of tax loss harvesting, active managers, long-only equity, and an alternatives space to create lower volatility and higher returns for clients.
In terms of their investment outlook, the team is cautious but optimistic. They believe that clients who are sitting on gains with a lot of cash on the sidelines should be strategic and tactical in entering the market. By using structured products with downside protection or selling puts secured by T-bills, the team aims to navigate the market in a smart way. They also expect that as rates come down, deal flow will improve, making private equity a great place to put clients’ money. While equity valuations are not cheap, the team believes that the earnings outlook and rate environment seem favorable.
Their best advice to clients is to first understand their objectives and then remove emotion from the decision-making process. By building trust with their clients and ensuring that they can rely on the team to get to the bottom of things, the team believes they can provide the best possible service. Overall, the team at The Stackman | Casriel Group focuses on creating a personalized and comprehensive approach to managing client portfolios, ensuring that they are well-positioned to navigate various market conditions and achieve their clients’ financial goals. With a strong track record and a commitment to providing top-notch service, they continue to be a leading player in the wealth management industry.
