Raleigh investment executives Rob Ragsdale, Mark Paccione and Larry Moye said they formed EQV Advisory as a wealth management business.
The trio previously managed nearly $5 billion in assets for other firms, and started taking on clients in October. Since then, they have attracted about $200 million in assets under management, according to a release.
Ragsdale formerly led the North Carolina office for Balentine, an Atlanta-based investment firm that advises family offices. Paccione is a former chief investment officer of Curi Capital and a former senior director of investment research at Raleigh-based Captrust. Moye is a former partner in Womble Bond Dickinson’s private wealth group.
“We structured EQV from the outset as a fee-only fiduciary firm focused on delivering clear, comprehensive advice across all asset classes with direct access to experienced decision-makers,” Ragsdale said in the release.
Paccione added, “The firm has the sophistication and discipline required to operate at a family-office level, while remaining small enough for clients to work directly with the people responsible for their advice.”
The name EQV is derived from North Carolina’s state motto, “esse quam videri” which means “to be rather than to seem.” Initial growth is expected to come through long-standing relationships and professional referrals, EQV officials said.
Other EQV staffers include Shannon Brown, operations director; Jon Autry, director of private investments; Katie Lanier, marketing coordinator and office manager; and Megan Mackenzie, operations associate.
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.