Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
DALLAS, Nov. 30, 2016 -- McElhenny Sheffield Capital Management (MSCM) is pleased to announce the execution of a Succession Plan Agreement with Inspire Capital Management as part of Inspire Capital’s continuing commitment to clients regarding sustainability and longevity of their successful execution of client investment objectives. This Succession Plan assures that all Inspire clients’ portfolio management and financial plans will remain intact for future generations.
Mike McKee, Inspire Capital’s CEO, said, “After an extensive search to find the right succession partner, we were excited to find McElhenny Sheffield. The investment skill set they possess ensures that our clients will be well taken care of in the event I am unable to manage their portfolios.”
Bruce Fraser, McElhenny Sheffield’s Managing Member, said, “We are very happy to enter into this succession plan partnership with a firm that is as deeply committed to the investment management of its clients’ portfolios as McElhenny Sheffield is of its own clients’ portfolios.”
McElhenny Sheffield Capital Management was founded in 2000 to manage a hedge fund with an options-based absolute return strategy that was designed to deliver consistent returns while minimizing downside risks for clients. Today, MSCM serves a growing group of clients with liquid assets totaling approximately a quarter of a billion USD's. McElhenny Sheffield's team of MBAs, investment advisors, Certified Financial PlannersTM, and Chartered Financial Analysts® is committed to providing sound and unbiased advice to help clients optimize their complete financial picture with coordinated estate, investment and tax strategy.
Succession Planning rightfully should be viewed as an essential component of conducting business. Just because a business is doing well in no way signifies that succession planning can be deferred. It is becoming increasingly critical for investment advisors to put in place a well thought out plan that will ensure their firm maintains its viability if something unforeseen occurs. MSCM is well positioned to become a succession partner for such investment advisors.
For complete information, please visit: McElhenny Sheffield Capital Management
Media Contact: McElhenny Sheffield Capital Management, LLC Attn: Media Relations 4311 W. Lovers Lane, Suite 101 Dallas, TX 75209 214.922.9200 x226 [email protected]
