HOUSTON, April 27, 2017 /PRNewswire/ -- Brasada Capital Management, LP (Brasada) and Friedberg Investment Management Inc. (FIM) today jointly announce that the two Houston-based firms will be combining. The newly formed firm will operate under the name Brasada Capital Management and use www.brasadacapital.com as its web address.
This development represents a joining of two long-standing, Houston-based investment management firms which are very similar in size and share a common "client-first" culture as registered investment advisors. Both firms possess complimentary strengths and combined expertise that will allow for a broader set of investment options and services to clients.
"We are impressed with FIM's client dedication and their successful 38 year track record speaks for itself. The addition of their strategies fits our approach of working with highly experienced personnel with proven track records and investment processes," said Mark McMeans, Brasada's CEO.
Jeff Friedberg, FIM's founder and president, stated "We started our firm 38 years ago with the goal of providing above-average returns for individual investors. Given the opportunity to join forces with Brasada, a like-minded group of professionals, we feel we are in an even better position to maintain this success. We are gaining not only synergies in investment research but also depth and continuity of management. We are convinced that this combination is in the best interest of both organizations' investors, which we will now be focused on serving jointly."
Founded in 2008, Brasada is a privately-owned investment management firm based in Houston, Texas. Brasada's mission is to achieve superior risk-adjusted returns for clients through best-in-class investment offerings.
Friedberg Investment Management is an SEC registered independent investment advisory firm headquartered in Houston, Texas. Since its founding in 1979, FIM has managed growth, balanced, and income portfolios customized to meet client objectives.
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SOURCE Brasada Capital Management