GREAT FALLS, Mont., November 22, 2022–(BUSINESS WIRE)–Davidson Funding Advisors, Inc. (Davidson Funding Advisors) introduced as we speak that it has entered right into a definitive buy settlement to accumulate Richmond, Virginia-based Caprin Asset Administration, LLC (Caprin). Caprin focuses on municipal and taxable mounted earnings investments, and manages roughly $1.3 billion in consumer property.
“We’re happy to affix forces with a agency that has deep expertise in fixed-income portfolio administration, and are assured that purchasers will profit from the breadth and depth of our collective experience,” mentioned Andrew I. Davidson, President of Davidson Funding Advisors. “Our shared client-first philosophy and tradition will function a catalyst for continued progress.”
“Caprin shares Davidson Funding Advisors’ dedication to its purchasers, its communities and its associates,” mentioned Michael Hoover, President of Caprin Asset Administration. “With enhanced funding assets for our methods and the capabilities of a bigger asset supervisor, we sit up for leveraging the power of our mixed platform for our respective purchasers.”
Upon closing of the transaction, Davidson Funding Advisors will handle over $4 billion in Property Beneath Administration, with Caprin’s enterprise working as “Caprin Asset Administration, a division of Davidson Funding Advisors.” The transaction is topic to customary closing circumstances and is anticipated to be accomplished within the first calendar quarter of 2023.
About Davidson Funding Advisors
Davidson Funding Advisors, a wholly-owned subsidiary of D.A. Davidson Corporations, works with high-net-worth people and establishments throughout the nation, offering customized funding options and skilled recommendation. Davidson’s clear, tailor-made portfolios present a long-term, actively managed, risk-aware strategy to investing that aligns its crew with its purchasers’ most essential goals.
About D.A. Davidson Corporations
D.A. Davidson Corporations is an employee-owned monetary companies agency providing a spread of economic companies and recommendation to people, firms, establishments and municipalities nationwide. Based in 1935 with company headquarters in Nice Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the corporate has roughly 1,525 workers and workplaces in 28 states.
Along with Davidson Funding Advisors, its subsidiaries embrace: D.A. Davidson & Co., the biggest full-service funding agency headquartered within the Northwest, offering wealth administration, funding banking, fairness and glued earnings capital markets companies, and recommendation; D.A. Davidson Belief Firm, a belief and wealth administration firm; and Davidson Mounted Revenue Administration, a registered funding adviser offering mounted earnings portfolio and advisory companies.
For extra data, go to dadavidson.com.
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