Home News RIA Merger Creates $20 Billion Firm

RIA Merger Creates $20 Billion Firm

Segall Bryant & Hamill LLC, a Chicago-based registered investment advisory with approximately $12.4 billion in assets under management, has signed a definitive agreement to acquire Denver Investments.

Segall Bryant & Hamill LLC, a Chicago-based registered investment advisory with approximately $12.4 billion in assets under management, has signed a definitive agreement to acquire Denver Investments.

Denver Investments is an independent RIA firm based in Denver, Colorado, with approximately $7.3 billion in assets under management. The combined entity will retain the name Segall Bryant & Hamill LLC.

“This acquisition represents an opportunity to bring together two culturally aligned organizations with complementary investment capabilities,” said Philip Hildebrandt, SBH’s chief executive officer. The union will allow us to deepen our investment talent and broaden our investment offerings, geographical presence, client service, and distribution capabilities.”

Both firms have strong institutional and wealth management businesses, in addition to well-established mutual fund platforms. It is expected that the Westcore Funds— which are advised by Denver Investments—will become part of the SBH mutual fund family, subject to proxy approval.

The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions.

Segall Bryant & Hamill offers domestic equity and fixed income strategies, international equity, and alternative strategies for institutional and wealth management clients.

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