BOULDER, LOVELAND FIRMS MERGE
Investment advisory firms in Boulder and Loveland announced their merger Wednesday into a firm that will oversee $1.25 billion of assets.
Boulder investment advisory group Sargent Bickham Lagudis has merged with Loveland-based Colorado Financial Management. The combined company will keep the CFM name and have its headquarters in Boulder, with offices in Loveland and Denver.
“Putting these companies together gives us a real advantage,” said Richard Lawrence, president and CEO of Sargent Bickham Lagudis. “The things they do for their clients are a little different than what we do for ours, so now we can do more things more efficiently.”
CFM will be one of the largest independent firms in Boulder County, in terms of assets, clients and employees, said Lawrence, who will serve as president and CEO of the new firm. The company will have 27 employees, about 20 of whom are in Boulder.