Wyoming -based Teton Wealth Management is shutting down its operations as president and founder Richard Bloom retires.

Additionally, Teton Wealth Management has chosen Phoenix-based Miller Russell Associates as its preferred choice of investment adviser.

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Teton Wealth Management has been partnering with Miller Russell Associates for more than 15 years.

Initially, Bloom has selected Miller Russell Associates as investment manager for the Teton Science Schools (TSS) endowment.

PRWEB quoted Bloom saying: "While readying for retirement, my first responsibility is to prepare and offer a clear path forward for my clients. I am committed to not closing the Teton Wealth Management offices until each and every client has successfully transitioned to a new adviser."

"I am recommending Miller Russell Associates to my clients because like Teton Wealth Management, its work is entirely focused on its clients. We are committed to our clients and their goals. Miller Russell Associates is set up to serve clients for generations to come. The firm has a sustainable partner and employee-ownership model that ensures long-term stability," he added.

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Founded in 2005, Teton Wealth manages more than $20 million in assets.