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Monthly Archives: February 2021

CFA Society Minnesota Members Spotlight #4

22nd February, 2021 · CFAMNEB · Leave a comment

Samir “Sam” Murty, CFA
Principal, Senior Relationship Manager
Orgel Wealth Management LLC, with offices in Altoona, WI and Minnetonka, MN

Samir “Sam” Murty, CFA
Samir “Sam” Murty, CFA

Samir “Sam” Murty’s lifelong passion for music shines through whenever he performs in the Eau Claire Male Chorus or attends plays, symphony performances, operas or rock concerts in the city he calls home.  But it’s Murty’s pairing of that love of the arts with his expertise in fundraising and wealth management that is transforming Eau Claire, Wisconsin.

Since 2013, Murty has served as one of the lead fundraisers for the community’s 1,200-seat performing arts center that provides rehearsal, teaching and performance space for both the community and music and theater students at the University of Wisconsin-Eau Claire. The concert hall opened its doors in the fall of 2018, and Murty continues serving on its board and will soon begin his term as president.

“I was one of the first people to donate — sight unseen,” Murty said. “I just believed in the performing arts center’s transformative powers and what it could be for this community.”

Murty grew up in western Wisconsin, raised by a mother who was a physician and a father who worked as a chemical engineer for Pillsbury and General Mills. After graduating from the University of Wisconsin-Madison in 1999, Murty took a job as a consulting associate with Jeffrey Slocum and Associates, which encouraged him to seek and earn the Chartered Financial Analyst (CFA®) designation.

In 2004, Murty met Mark Orgel through his work with the Bethel University Foundation investment committee. Orgel was looking for a junior consultant to join the Mark Orgel Investment Group, which then was a brokerage practice under RBC Dain Rauscher with about $1.1 billion in assets under management. Murty shared Orgel’s vision of serving clients with integrity and excellence and ultimately joined Orgel’s practice.

Orgel, Murty, and several other partners went on to form Orgel Wealth Management in 2013 as a Registered Investment Advisor serving primarily high net worth and ultra-high net worth individuals, business owners, retirement plans, and non-profit organizations. Orgel Wealth Management has since grown to employ 61 people managing some $5.6 billion in assets as of December 31, 2020, and recently expanded by adding an office in Minnetonka, Minnesota. But Murty is most proud of the firm’s long-term relationships with so many clients.

“We don’t measure our success by our asset base,” he said. “We measure our success by the number of people we help and by the lives that we have changed.”

Murty serves as a principal and senior relationship manager at the firm while leading its foundation and endowment practice. He remains passionate about his community and getting involved, and he often works with non-profit organizations to teach them about fundraising.

Orgel Wealth Management, which recently opened a Minnetonka office to help it meet client demand, is patient when growing its workforce to ensure it hires the right people who embrace the firm’s client centric focus, Murty says. Its partners seek out people who inherently want to do the right thing, go the extra mile, ask those extra questions, and take the more difficult path if that’s the one that needs to be taken. Its relationship managers don’t allow calls to go to voice mail during business hours, and when a call or email needs to be returned, it’s returned that same day. Senior managers make sure they’re available for their clients on nights and weekends for urgent needs.

“If you lead with the right intentions and with excellent service, good things are going to happen,” he says.

The firm has also worked to expand its team and deepen its service offerings. Currently, clients have access to estate planning specialists who can help them understand the estate planning process and partner with clients’ attorneys to develop estate plans and tax mitigation strategies. In addition, the firm has added tax professionals who can assist with forward tax planning, identify tax-efficient ways to structure business deals, and analyze and develop complex tax-management strategies in concert with clients’ outside tax counsel. All of these services and professionals, with specialists located in both the Altoona and Minnetonka offices, are available to clients at no charge beyond the firm’s advisory fee.

“Our firm strives to provide truly comprehensive service,” he said. “In addition to our tenured investment professionals, we have legal experts, tax experts, and financial planners. Our goal is to be the first place that our clients call for any manner of question — financial sure, but also for anything in their lives. We consider ourselves problem solvers first.”

Orgel Wealth Management is 100-percent employee owned with no private equity investment, and the firm’s goal is to remain independent. Its growth is primarily through word-of-mouth referrals from clients, with zero dollars budgeted for advertising.

“We’ve had many, many opportunities to sell, but we want to remain independent,” Murty said, “because we think it’s that independent, entrepreneurial spirit that allows us to make the investments to continue to put our clients first, which in turn encourages their willingness to tell a friend.”

Orgel Wealth Management has seven CFA Charterholders, including Murty, and additional employees working toward the CFA designation. Murty feels it’s important to support those efforts much like Jeffrey Slocum and Associates did in the early days of his career.

“I really do feel that it is our duty as members to continue to promote the designation as the highest standard and highest designation in the industry,” he said.

Samir Murty, CFA, holds a Bachelor of Arts in economics and history from the University of Wisconsin-Madison, graduating with Honors.

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Posted in Hot Topic Commentary, Member Spotlight | Tags: #memberspotlight |

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