The advisor sought Adhesion’s help for an ultra-high-net-worth (UHNW) household that faced over $5 million in embedded gains in their portfolio. Historically, the advisor favored active management for most of his business but wanted to lower his client’s overall fees and shift towards a more passive investment strategy. Over time, the advisor’s frustration grew as he observed his managers periodically falling in and out of favor, leading him to seek more consistent, index-like performance for his clients.
