Baltimore, MD – December 21, 2021 – Verdence Capital Advisors (“Verdence”), a nationally-recognized private wealth advisory and multi-family office firm, today announced the addition of Michael Salerno to its team as Director, Due Diligence. Mr. Salerno will focus on macro views, fund evaluations, and risk management, while serving as the overall steward for Verdence’s investment manager platform.
Mr. Salerno has nearly 20 years of experience in the institutional investment advisory industry, most recently as Senior Investment Director within the Capital Markets Research team at Cambridge Associates. Prior to Cambridge, he served as a member of the investment team at RockCreek.
In his new role, Mr. Salerno will work closely with Verdence’s research team to enhance their investment manager selection and due diligence approach by researching fund managers’ governance, integrity, structure, performance, efficiencies, and impact.
“We’re very pleased to be adding a professional of Michael’s caliber to our team,” said Leo Kelly, CEO and Founder of Verdence Capital Advisors. “His skills in evaluating new investment opportunities combined with his expertise in risk management and portfolio construction, will make him an invaluable resource for our strategy team and our clients.”
“I am passionate about all phases of investment strategy, from due diligence, negotiation, execution, to implementation,” said Mr. Salerno. “I was attracted to Verdence because they share that same passion and commitment to excellence. I can’t wait to see what we can accomplish together.”
Mr. Salerno has a Masters of Business Administration from Dartmouth’s Tuck School of Business and a Bachelor’s Degree from Colby College. He holds a number of key industry accreditations, including his Series 3 certificate.# # #
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About Verdence Capital Advisors
Verdence Capital Advisors is a nationally-recognized private wealth advisory and multi-family office firm headquartered in Hunt Valley, Maryland, with offices in Northern Virginia. Committed to the principle that advice should be transparent, customized and given without bias, true independence is one of the guiding principles of Verdence Capital Advisors.
For more information, visit: www.verdence.com
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Chris Sullivan/Aaron Siegel