ABOUT
The Opal Team
OCIO SERVICES
Collaborative Outsourced Chief Investment Officer Services
We partner with our clients to provide institutional rigor to their investment process, allowing for them to remain focused on what really matters…client outcomes. Since 2016 we have provided advisors with customized client resources and support for their investment solutions allowing for a seamless integration into their business and creating capacity for growth.
It starts with The Opal Investment Optimization Process™
The Opal Investment Optimization Process™
01
Discovery: A due diligence process designed to help us understand your specific needs.
02
Collaboration: We will present a potential Custom Benchmark for your portfolio(s) developed with institutional rigor.
03
Development: We will present our recommendations for your model(s) based on your Custom Benchmark.
04
Implementation: Our team of investment professionals will manage portfolios based on targets from the Custom Benchmark.
05
Monitoring: We monitor your portfolio to maintain alignment with your investment objectives and Custom Benchmark.
ASSET MANAGEMENT
ETFs
We manage the Opal Dividend Income ETF, symbol DIVZ. This ETF is designed for investors seeking lower volatility with higher dividend yield than the overall market while still having access to capital appreciation opportunities. DIVZ is driven by a belief that dividend-paying companies tend to be more established businesses with high cash flow, stable revenue streams, and more disciplined capital reinvestment which may, in turn, help them experience lower volatility relative to the overall equity market. DIVZ is concentrated in 25-35 well-managed companies across a range of sectors, and seeks to offer above-average dividends and the ability to grow those dividends over time.
Separately Managed Accounts
Opal Capital provides a wide range of SMAs. We can customize solutions to match your needs or select from our suite of established portfolios that are available on several platforms. To learn more about our SMA solutions schedule some time with one of our Managing Partners.
Austin Graff is the Founder and Chief Investment Officer of Opal Capital. He is also currently the Portfolio Manager for TrueShares Low Volatility Equity Income Fund (DIVZ), a publicly traded US Dividend ETF.As a veteran financial commentator, Graff has been profiled and quoted in Barron’s, CNN Business, Yahoo! Finance, MarketWatch and more.
He holds an MBA from the Krannert School of Management at Purdue University and a bachelor’s degree from Purdue University, and earned the Chartered Financial Analyst (CFA) designation in 2012.
Austin Graff, MBA, CFA
AJ Graff is the Chief Financial Officer and co-founder of Opal Capital. He has been in the industry since 2019 serving in various roles including launching the Opal Dividend Income ETF (DIVZ). Prior to entering financial services, AJ’s career focused on managing large scale complex operations in the highly regulated airport industry.
AJ earned a bachelor's degree in Aviation Management from the University of Dubuque, Iowa.
AJ Graff
Adam Muller is a Portfolio Manager for Opal Capital. Adam has extensive experience identifying investment opportunities with favorable risk/reward characteristics across multiple industries and has generated investment ideas for Global, International and U.S focused portfolios. Adam has experience evaluating both developed market and emerging market companies.
He is a Goldman Sachs and PIMCO Alum, holds an MBA from the MIT Sloan School of Business and an MA Economics from Tufts University.
Adam Muller, MBA
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Manav Shah, CFA
Manav Shah is the Lead Analyst at Opal Capital and a Portfolio Manager at 49 Wealth Management. Along with being a portfolio manager and trader, Manav leads research into macroeconomics, security analysis, and designs custom investment solutions for ultra-HNW clients.
Previously Manav worked for a $1B dollar RIA where he served as a portfolio manager & trader. Earlier in his career he was an analyst at a long/short hedge fund managing a concentrated equity portfolio.
Manav holds a BBA in finance from the Cox School of Business at Southern Methodist University. He earned the Chartered Financial Analyst (CFA) designation in 2024.
Keith Wagner
Mr. Wagner is the Head of Distribution at Opal Capital, LLC. Prior to his time at Opal, Wagner was Head of National Accounts and Institutional Sales at Capital Wealth Planning where he spearheaded the growth of the DIVO ETF ($25 mil to $2.5 billion in 24 months.)
He also served in key retail and institutional distribution roles at Allianz Global Investors, Neuberger Berman, American Beacon, and AG Edwards.
He has 30 years of industry experience and is a 1985 graduate of the United States Military Academy at West Point.
Menachem Goldstein