CST: 28/05/2016 20:47:19   

Sargent Bickham Lagudis & Colorado Financial Management Announce Merger

129 Days ago

New Combined Entity Will be Called Colorado Financial Management -- With Presence in Boulder, Denver, and Loveland; In Addition to Colorado, the Firm Also Serves Clients in 25 Other States Across the United States

BOULDER, CO --(Marketwired - January 20, 2016) - Sargent Bickham Lagudis, LLC, www.sblfinancial.com, an independent registered investment advisory firm headquartered in Boulder, Colorado managing approximately one billion in assets, today announced that it has merged with Colorado Financial Management ("CFM"). The addition of CFM, with approximately $250 million in assets under management, expands the investment advisor's presence in northern Colorado. The firm will assume the Colorado Financial Management name and brand; and its principals, Josh Miller and David Eads, will join the newly formed firm as partners. 

The merger is a result of the desire by the two registered investment advisory firms to find the right partner with which to grow their Colorado footprint, while also maintaining the high standards of service provided to clients in 25 additional states. Both firms were founded over 25 years ago by former CPAs, and both serve their clients as true fiduciaries -- meaning they are bound by law to act in their clients' best interests at all times. Both are regulated by the SEC. The combined entity has 27 employees, including seven partners who will work in three locations throughout the state. 

"Our firms share a common commitment to client service and a desire to expand our presence throughout Colorado and beyond," said Rick Lawrence, President & CEO of the newly formed entity. "We will achieve this by executing on a thoughtful strategic growth plan that adds exceptional financial talent to our already strong roster. All partners want to see this firm positioned well for future growth, evolution, and expansion -- this merger is an important step in that direction." 

Miller and Eads add: "This firm was founded on the principles of discipline, duty, and hard work and our newest partners share that ethos. 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." 

Brad Bickham, Managing Partner of the new CFM, adds: "I joined Mike Sargent in the formation of this company over 25 years ago. This is an important step in ensuring our company will be here for our clients, employees, and communities for the next 25 years and more." 

The merger was advised by Advice Dynamics Partners, and its CEO David Selig. 

Quick Facts:

  • Assets Under Management now ~ $1.25 billion
  • 9 financial planning professionals
  • 4 Chartered Financial Analyst® charterholders
  • 7 Partners ranging in age from early 30s to mid 50s
  • 27 total employees including 2 former investment bankers and 1 former KPMG partner
  • 3 locations: Boulder, Denver, and Loveland
  • Denver office moving to new location in Cherry Creek spring of 2016.
  • New partners in Loveland office will be the company's specialists in passive and automated investment offerings using mutual funds and ETFs in tactical asset allocation.
  • Boulder research team focus will remain on individual stocks and bond research, and due diligence on actively managed mutual funds. 

About Sargent Bickham Lagudis and Colorado Financial Management

Sargent Bickham Lagudis, LLC is a fee-only wealth management firm providing customized investment management and financial planning for high net worth individuals, families, and nonprofit institutions. With offices in Boulder and Denver, SBL has served clients throughout Colorado and the United States for over 27 years. For more information, visit www.sblfinancial.com.

Colorado Financial Management is a Registered Investment Advisor with the Securities and Exchange Commission specializing in comprehensive long-term financial planning addressing retirement planning, estate planning, college savings, social security, healthcare and other services related to wealth management and growth. CFM is a fee-only investment advisor, charging a management fee for client's funds that truly allows the clients' money to work for them in a financially feasible manner. www.colofin.com

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