$1B Colorado-based RIA merges with $250M firm

$1B Colorado-based RIA merges with $250M firm
Deal brings two firms together to serve northern Colorado and 25 other states.
JAN 21, 2016
Registered investment advisory firm Sargent Bickham Lagudis, with $1 billion in assets under management, announced Wednesday that it has merged with Colorado Financial Management, a firm that manages $250 million. “What we hope is that we can provide more comprehensive services to our clients and an efficient way that will make our firm better off,” said Rick Lawrence, president and chief executive of Sargent Bickham Lagudis. He noted the merger would help "position us to acquire more business in the future." Through the merger, the two firms will have one team in Loveland that specializes in tactical asset allocation using no transaction fee exchange-traded funds and another team in Boulder that focuses on individual stocks, bonds and actively managed mutual funds. Under the merger, the two firms will continue with the name Colorado Financial Management. The deal was made in an effort to expand Sargent Bickham Lagudis's presence in northern Colorado, with locations in Boulder, Denver and Loveland. Along with Colorado, the firm serves clients in 25 other states. Both firms were founded more than 25 years ago and, combined, will have 27 employees, including nine financial planning professionals and four chartered financial analysts. “This firm was founded on the principles of discipline, duty and hard work and our newest partners share that ethos,” Colorado Financial Management principals Josh Miller and David Eads said in a statement. “We are excited about what this merger means for our clients throughout the state and beyond, and to work with our new partners to take Colorado Financial Management to new heights.” Mr. Miller and Mr. Eads will be named partners in the merged firm.

Latest News

401(k) savings rate at new record high but balances are down slightly
401(k) savings rate at new record high but balances are down slightly

Quarterly analysis of retirement accounts highlights positive behavior.

JPMorgan mulls new asset lending scheme aimed at crypto ETF investors
JPMorgan mulls new asset lending scheme aimed at crypto ETF investors

Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.

Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader
Fintech bytes: Future Capital adds RayJay alum to C-suite, Advyzon welcomes ex-Envestnet leader

The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.

UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel
UBS 'wrongfully' fired Idaho advisor in 2021: FINRA panel

“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.

Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role
Cetera Trust hires Fidelity vet Kerri Scharr for chief fiduciary officer role

The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.