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Meet Our Managing Partners

James Fortescue

Managing Partner

Mr. Fortescue will serve as a managing partner of U.S. Capital Wealth Advisors, LLC. He has been a managing partner of Legacy One Financial Advisors since 2018 and is a founding partner of Piton Investment Management, LP. He also serves as portfolio manager of the ClearShares Ultra-Short Maturity ETF (NYSE: OPER).

Prior to founding Piton, Mr. Fortescue most recently served as the Chief Operating Officer at Annaly Capital Management, Inc. (“Annaly”). He has over 25 years of experience building, operating and managing companies, investment portfolios and relationships in the financial services space.

He began his career at Annaly in 1995 and served there until 2014 in various roles including head of liabilities, chief of staff, managing director, executive vice president and was a member of Annaly’s executive, operations and risk committees. Mr. Fortescue was also a director of RCap Securities, a FINRA regulated broker-dealer, and Shannon Funding, LLC, a warehouse lending company.

Mr. Fortescue has served on multiple industry panels including a financial stability board panel in front of the G-20 at the Federal Reserve Bank of New York, a markets stability panel in front of the US Treasury Department and the Risk Management Association Securities Lending and Borrowing Legal & Regulatory Round Table.

Mr. Fortescue received his B.S. in Finance from Siena College and attended the New York Institute of Finance for intense mortgage-backed securities studies. He serves as the treasurer on the board of trustees of Don Bosco Prep High School and serves on the board of Halo Investing, Inc.

Patrick Mendenhall

Managing Partner

Mr. Mendenhall will serve as a managing partner of U.S. Capital Wealth Advisors LLC. He is a founder, board member, chief executive officer, managing partner, the head of wealth management and co-head of asset management at U.S. Capital Advisors.

Mr. Mendenhall was previously a managing director and complex manager in the wealth management group at UBS for 19 years. He has over 33 years of experience in the financial services industry.

Mr. Mendenhall’s wealth management complex at UBS ranked in the top five wealth management complexes in the U.S. for the UBS Wealth Management Group. During his 15 years of running the complex, Mr. Mendenhall more than tripled the revenue and assets of his complex through recruiting and development. He also seeded what became the UBS international office in Houston and was instrumental in opening the UBS private banking office by contributing advisors to both operations.

Mr. Mendenhall graduated from Oregon State University. He is a trustee of the Oregon State University Foundation and previously sat on the foundation’s investment committee. He is a current board member of the Houston SPCA (Society for the Prevention of Cruelty to Animals) the largest animal rescue in Texas. He has previously served as a vice-chairman of the Houston Livestock Show and Rodeo Corporate Development Committee and remains a lifetime member and contributor.