Lebenthal Asset Management has acquired Atlanta-based Aurora Investment Counsel, an SEC-registered investment advisor. Terms of the transaction have not been disclosed.
Aurora Investment Counsel, which oversees more than USD250 million in client assets, is a core equity manager that offers asset management for foundations, endowments, corporations, public funds, Taft-Hartley plans and individuals. Led by President and Portfolio Manager David Yucius, Jr, CFA, and Director of Marketing Michael T Doyle, Aurora seeks consistent growth of principal with relatively low volatility using a "Growth At the Right Price," or GARP, strategy.
"David and Mike have built a terrific business at Aurora, and we are pleased they have decided to join forces with us," says James B Lebenthal, President and Chief Investment Officer of Lebenthal Asset Management. "As we continue to grow our company, it is imperative we align ourselves with finance professionals with integrity, ethics and investment skills. I believe that David and Mike and the rest of the Aurora team will enhance the Lebenthal culture and tradition of providing excellent client service and performance."
Aurora has invested for 19 years in a disciplined, risk conscious manner and has experience delivering separate account management. David Yucius, says: "We are excited to be able to build off of the added strengths of Lebenthal's personnel, and also to see Aurora's investment approach become deliverable to a broader audience via Lebenthal's platform and product extensions."
Doyle says: "We have always strived to deliver the best possible client experience, in terms of service and long-term investment returns. Being able to continue our boutique service traditions and offer our capabilities to a broader range of clientele is an inspiring opportunity."