AndCo Consulting (AndCo), is pleased to announce the acquisition of the Summit Strategies (Summit) public fund general consulting practice. Summit is an independent, national institutional consulting firm located in St. Louis, MO. The acquisition will increase AndCo’s significant and growing presence in the public plan market and post-acquisition AndCo will provide investment consulting services to $115 billion in institutional client assets across 33 states, the District of Columbia, Canada, and Bermuda.

Summit was founded nearly two decades ago with the sole purpose of helping its clients reach their investment goals through a philosophy that is client-focused, results-driven, and delivered through impactful resources. “Summit’s independent model, customized service philosophy, and similar geographic footprint made the acquisition of its public fund consulting practice a perfect fit”, said Mike Welker, President and CEO of AndCo Consulting. “We look forward to servicing these clients within the independent model and high-quality custom service standard to which they are accustomed.” “Finding the right fit for our public fund clients was of the utmost importance in our selection process” said Steve Holmes, President/CEO of Summit Strategies Group. “We have had a long mutual respect with AndCo as competitors in the institutional consulting space and believe they are a great fit for our public funds practice”.
The transaction will close on October 15th, 2018.

About AndCo

AndCo is a full-service employee owned Independent registered institutional investment consulting firm, founded on the belief and conviction that only an independent institutional consulting firm can put their clients first in every situation. The firm is comprised of a dedicated group of industry specialists with diverse business backgrounds working together toward the common goal of simplifying the investment and fiduciary decisions of fund sponsors. AndCo serves as an independent fiduciary to each of its clients and avoids all conflicts by accepting no soft-dollar compensation, having no broker dealer affiliations, selling no investment products, and has no pay-to-play arrangements. AndCo’s headquarters is located in Orlando, FL and has satellite offices in Chicago, IL; Tulsa, OK; Cleveland, OH; Detroit, MI; Reno, NV; Pittsburgh, PA and Dallas, TX.

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Lauren Leetun
Findsome & Winmore for AndCo Consulting