A Denver-based investment consulting company has acquired a California based firm that specializes in retirement plans, and the move puts the firm in the top 10 largest investment managers by total assets in metro Denver.
Strategies Capital Management, a 24-year-old firm that manages the investment of employer-sponsored 401(K) plans, has acquired Alameda-based Advisory Consulting Group.
Combined, the firm — which will be headquartered in Denver — will advise $2.6 billion in assets.
The terms of the deal were not revealed, but the transaction closed July 1. Advisory Consulting Group will fold into Strategies Capital Management.
Read more at the Denver Business Journal: http://bit.ly/2vQ9I0i