US-based financial investment advisory firm Wood Investment Counsel has merged with Obermeyer Asset Management Company to form a new firm.
Dubbed as Obermeyer Wood Investment Counsel, the merged firm will manage about $1.7bn in assets and will operate out of offices in Denver and Aspen.
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As part of the merger, Wally Obermeyer, founder of Obermeyer Asset Management, will become co-chairman and president for the combined firm with George Wood, founder of Wood Investment Counsel, serving as co-chairman.
Additionally, the merged entity will comprise 17 staff with 11 investment professionals.
Obermeyer Wood Investment Counsel delivers a range of investment advisory services focused on investment portfolio management, asset allocation and risk assessment. It also assists clients with financial changes, retirement planning, and philanthropic advisory and implementation.
Wally Obermeyer said: "We truly believe this will enhance our ability to serve our clients’ long-term interests and grow our business by recruiting and retaining high quality investment professionals."
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