New wealth management firm, Alta Vera Global Capital Advisors, launched by ex-JPMorgan private bankers, aiming to quickly grow by $400 million.

Alta Vera Global Capital Advisors, a new wealth management firm launched by former JPMorgan private bankers, aims to rapidly expand its assets to $400 million by attracting colleagues from large banks. The firm, co-founded by Jerry Garcia and Chris Gatsch, offers wealth-management services, capital raising, and hedging solutions, targeting affluent families, founders, and institutions.

1. **Partnerships and Services**:
- Alta Vera has partnered with OneSeven, a registered investment adviser, to leverage its marketing, compliance, and operational platform.
- The firm is also collaborating with Sextant Capital Solutions for capital raising, providing access to private markets.
- Alta Vera will work with Millbank Dartmoor Portsmouth for trading in areas like hedged equity strategies and derivatives.
2. **Growth Strategy**:
- The founders plan to grow the business by attracting talent from established banking institutions, with Garcia projecting asset growth due to pipeline discussions with teams at large banks.
- With institutional traders behind the firm and the ability to raise capital, Alta Vera aims to manage mandates ranging from $50 million to $2 billion.
3. **International Focus**:
- Despite the majority of OneSeven’s advisors being based in the US, Alta Vera is expected to help the firm gain more international experience.
- Garcia’s background in the Latin American and US markets, along with discussions with teams in Asia and Europe, positions Alta Vera to have an international focus.
4. **Financial Support**:
- Alta Vera has secured a 20% stake in OneSeven from the Merchant Investment Management ecosystem, which oversees approximately $250 billion through its partnerships.
- This partnership will support Alta Vera with the structuring and financing of deals, enhancing the firm’s capabilities and credibility in the market.

The launch of Alta Vera Global Capital Advisors by ex-JPMorgan private bankers represents a significant entry into the wealth management sector, with a clear strategy to grow rapidly through strategic partnerships and a focus on international expansion.