Former Envestnet gatekeeper Michael Gebhardt has left the firm for a sales role at $3 billion investment manager Copeland Capital Management.
Gebhardt will serve as a portfolio specialist for Copeland, a Conshohocken Pa.-based firm that specializes in dividend growth investing across a range of separately managed accounts, mutual funds, hedge funds and manager models.
He’ll report to the firm’s director of sales, Chuck Barrett, and speaking with due diligence teams, he'll be sitting on the opposite side of the table of the conversations he was used to having while at Envestnet.
‘I’m hosting the calls I used to be the prospect on. It’s a complete role reversal, which is a really exciting new challenge,’ Gebhardt said. ‘My role is really going to be to describe the investment philosophy and articulate what Copeland is doing on a day-to-day basis to add alpha for clients to these research and due diligence teams.'
Gebhardt was at Envestnet for more than 4 years, where he was vice president and investment analyst under chief investment strategist Tim Clift, responsible for coverage of small and smid cap equity funds and separately managed accounts, including Copeland’s offerings. His last day at the firm was August 17.
‘It was a tough decision to leave,’ Gebhardt said. He plans to remain in Denver rather than relocate to Pennsylvania.
Prior to Envestnet, Gebhardt also worked at Kummer Financial Strategies, Wells Fargo and Morgan Stanley.
His new firm works with a small range of high net worth individuals, corporate pension plans and other institutional clients, such as educational and religious endowments and charities.
‘They’re looking to bring on another couple business development folks to grow some RIA relationships, continue that institutional business, maintain and even grow platform relationships,’ Gebhardt said. ‘There’s a lot out there and a lot of growth opportunities.’