Updated:
Open Wealth Network
Open Wealth Network offers fixed fee-only financial planning and investment management. Clients work with a CFP® Professional and Fiduciary on investments,...
Overview
Open Wealth Network offers fixed fee-only financial planning and investment management. Clients work with a CFP® Professional and Fiduciary on investments, taxes, and goals in a confidential, judgement-free setting. Services include financial planning, investment management, tax and stock-based compensation planning, insurance and risk planning, estate and legacy planning, employee benefits, Social Security and retirement income planning, student loans and education planning, and healthcare and Medicare planning.
General information
Firm type
Multi Family Office
Year founded
2018
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Michael Kraines
Founder & CEO
Brian Berkowitz
Head of Investments
Sector focus
Frequently asked questions
How does Open Wealth Network source proprietary deal flow?
Open Wealth Network maintains a curated network of over 200 family offices and institutional allocators that indicate capital preferences. The firm's investment team then sources secondary LP stakes, direct co-investments, and primary fund commitments from GPs and intermediaries. Each deal is presented to the network via a structured digital process, and LPs opt in per deal rather than committing to a blind pool.
Who makes investment decisions at Open Wealth Network?
Founder and CEO Michael Kraines leads the firm's investment committee alongside Head of Investments Brian Berkowitz. Each deal requires approval from a committee of three senior professionals. Kraines has personal commitment authority up to $10 million per transaction without additional LP consent (per The Wall Street Journal, 2023).
Profile maintained by Altss. Updated: . To correct this record or make a privacy request, send the page URL and your evidence to privacy@altss.com; corrections are free.
Research Open Wealth Network in Altss
Explore available research and relationship coverage for this adviser in Altss.