Michael Sherman forms Schoolcraft Capital LLC

BOULDER — Michael Sherman, former president of Boulder-based Crestone Capital Advisors, has launched Schoolcraft Capital LLC, a wealth-management firm that will serve a limited number of high-wealth families and their foundations.

Schoolcraft Capital’s office is at 820 Pearl St., Suite F, in Boulder.

Sherman was president of Crestone Capital Advisors before leaving the company at the end of last year. He has spent more than 20 years providing wealth-management services to entrepreneurs who have built businesses and sold them.

While at Crestone, he was a member of the firm’s investment committee, which oversaw the management of more than $1.3 billion in assets.

“I am excited to be launching Schoolcraft at this time as I believe we are on the cusp of significant change in wealth management,” Sherman said in a prepared statement. “This industry was born out of the great bull market of the ’80s and ’90s, and it is in need of an overhaul. The realities of today — technology driven solutions, passive investing, and low expected returns from stocks and bonds — all threaten to erode the value proposition of traditional wealth management.”

Sherman said he has a history of serving “highly sophisticated families and providing them with a deep network of top-tier investment talent. I am passionate about investing, and Schoolcraft’s sole focus will be on making money for our client families.”

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