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June 1, 2017

RMB Capital snaps up financial planning firm VennWell

Financial services firm RMB Capital has acquired VennWell, an Illinois-based financial planning and investment management firm, for an undisclosed sum.

Set up in 2002, VennWell provides financial planning, investment management, investment consulting, and advisory oversight for 401(k) and 529 college-savings plans.

The deal is expected to add around $250m in assets to RMB’s portfolio.

The team at VennWell including its founder and managing director, Colleen Chandler, will migrate to RMB as part of the deal. Chandler will now take up the role of managing director and senior wealth adviser at RMB.

“We’ve been looking for a partner that would help us deliver a broader array of investment offerings to our clients, while being in sync with our investment approach and our tradition of being fully dedicated to our clients’ best interests. RMB fit the bill on all counts,” Chandler stated.

RMB founding partner, CEO and CIO Richard Burridge, Jr. said: “Colleen and her team are a great strategic and cultural fit with RMB in a number of ways.

“We share an investment philosophy focused on driving long-term, risk-adjusted growth, and their dedication to high-quality client service aligns with our approach and values. We’re thrilled to have them on board.”

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