Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions.
The wholly owned subsidiary of Kaufman Hall & Associates will assume control of PIC’s business, which manages high-grade U.S. fixed-income portfolios with a focus on short to intermediate duration as it relates to the investment of bond proceeds, board designated funds and short-term liquidity management.
"I'm delighted to welcome Ponder Investment Co. to the Kaufman Hall family," said Kate Guelich, managing director and CEO of Kaufman Hall. "Kaufman Hall Investment Management will provide our clients with critical investment management services — adjacent to our existing treasury and capital markets offerings — to help them navigate financial uncertainty and prepare for the future."
PIC’s Britt Cesarone and David Hiteshew join KHIM as senior vice presidents of portfolio management.
"We are excited by the opportunity to join Kaufman Hall Investment Management," Cesarone said. "We look forward to working alongside Kaufman Hall's treasury and capital markets team to meet the ever-changing investment management needs of our clients."
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
