Waterloo Capital has acquired an equity stake in Allied Portfolio Management, a wealth management business based in Tucson, Arizona.
The companies did not disclose the financial terms of the agreement.
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Following the deal, the combined practice will operate under the Waterloo Capital name.
Allied Portfolio Management founder and former president Steve Graham said: “By partnering with Waterloo, we will now be able to bring institutional level asset management and exemplary advanced financial planning and family office services to the families of Tucson and the Scottsdale area.
“This combination gives our clients access to resources and capabilities that were simply not available to us as a standalone firm. It is a tremendous opportunity for the families we serve.”
Waterloo Capital provides wealth management services including institutional-grade asset management, advanced financial planning and family office support for individuals and families.
Waterloo Capital stated that clients of both organisations will have access to its “comprehensive” set of services, spanning institutional asset management, advanced financial planning and family office solutions.
Alongside the acquisition, the firm said it is “actively recruiting” financial advisors to join its team in the Tucson and Scottsdale markets.
John Chatmas, the CEO of Waterloo Capital, said: “With Steve’s incredible reputation and successful track record, combined with our infrastructure, we can help more families plan for retirement in a thoughtful manner – bringing institutional level asset management to the individual investor.
“We believe that access to world-class wealth management should not be limited by the size of one’s portfolio. This transaction is a meaningful step toward making that vision a reality in the Arizona market.”
