David Solomon is a Partner and board member of U.S. Capital Wealth Advisors. Previously David founded, chaired and was CEO of Condera Advisors which was acquired by U.S. Capital Advisors. Condera Advisors, a Houston-based boutique advisory firm with a focus on alternative investments, was formed in 2008 when then CEO David Solomon and President Phil Philibosian acquired Redstone Asset Management from The Redstone Companies. At the time, David was serving as Chairman and CEO of Redstone. The company was renamed Condera Advisors, and the change allowed David and his team to further concentrate on providing high-end diligence and portfolio construction using traditional and alternative asset classes for their clients.
While previously serving as Chairman and CEO of The Redstone Companies, a Houston-based investment firm that specialized in wealth management, private equity and real estate, Mr. Solomon oversaw the strategic direction of the company and was responsible for establishing a traditional asset advisory platform offering multi-manager investment portfolios for traditional and alternative investment strategies. Examples of private equity transactions completed during Mr. Solomon’s tenure at Redstone include the acquisition and repositioning of the Houstonian Hotel Club & Spa and the initial seed investment for what is today Camden Property Trust, a leading multi-family Real Estate Investment trust. Mr. Solomon began his career 25 years ago at PaineWebber. He previously served on the boards of Green Bank, HHN Homes, the Houston Convention Center Hotel Corporation, as well as civic and charitable organizations.