SEATTLE--(BUSINESS WIRE)--Davidson Fixed Income Management, Inc. (DFIM), a registered investment adviser providing customized fixed income services, today announced the successful completion of its acquisition of SeaCap Investment Advisors, a Seattle-based firm offering fixed income portfolio management for both institutional and individual clients.
“This transaction brings together two teams that share a deep commitment to exceptional service in personalized client relationships,” said Scott Prickett, senior vice president and managing director of DFIM. “We look forward to our next phase of growth together and to the synergies that result from combining our companies.”
With SeaCap, DFIM manages $6.1 billion in client assets. SeaCap will retain its name, allowing both groups to capitalize on the firm’s strong reputation among institutional and individual investors alike.
“Joining DFIM allows us to build upon SeaCap’s growth and successes while remaining focused on the value that we bring to our clients by focusing solely on fixed income,” said SeaCap managing partner Laurie Nichols.
Founded in 1994, SeaCap works with high-net-worth investors and their professional advisors, both in taxable and tax-exempt securities. The firm manages approximately $870 million for its clients.
In addition to its Seattle office, DFIM operates from offices in Denver, Colo.; Portland and Lake Oswego, Ore.; Phoenix, Ariz.; Palm Beach Gardens, Fla., and Minnetonka, Minn.
DFIM’s agreement to acquire SeaCap was previously announced Feb. 28. No financial information has been disclosed.
About Davidson Fixed Income Management
DFIM provides fixed income management advice and structured investment services, primarily for institutional clients and nonprofit entities. In addition, DFIM provides sub-advisory services to the Aquila Tax-Free Fund of Colorado and the Tax-Free Trust of Oregon. DFIM is part of Davidson Companies, a growing, employee-owned financial services holding company with 1,100 employees working in 17 states.