ButcherJoseph Financial Holdings, an affiliate of investment banking firm ButcherJoseph & Co, has acquired Laffer Investments Inc, an SEC Registered Investment Advisor (RIA).
Laffer Investments was founded in 1999 by economist, Arthur B Laffer, PhD, and currently provides investment management advice to individuals and portfolio management services to institutions totalling almost USD600 million. The firm will be renamed Laffer|Tengler Investments.
“Laffer Investments was a perfect fit to join the ButcherJoseph family of companies,” says Jon Curley CEO of ButcherJoseph Financial Holdings. “We are currently excited to have Dr Laffer joining us and agreeing to chair our advisory board.”
Nancy Tengler is to join Laffer|Tengler will join the firm as Chief Investment Officer. Tengler says: “The investment professional depth and the broad product mix of the Laffer firm will enhance our ability to provide clients with investment advice and solutions to help them grow and preserve their wealth. I’ve known and respected the Laffer firm for years, making this such a natural combination. I am thrilled and excited about the future of our firm.”
Laffer|Tengler Investments will have six investment professionals with more than 200 combined of investment industry experience among a total staff of 14. The firm will manage proprietary strategies cover a wide range of asset classes and styles, including traditional US equities and fixed income to convertible securities and exchange traded fund models.
Laffer|Tengler will have offices in Charlotte, Nashville and Pheonix.
Arthur Laffer, Jr, President of Laffer Investments, says:”We are confident this combination will both benefit our existing clients and open doors to new opportunities for growth.”
