WESTPORT, Conn. and BEDFORD HILLS, N.Y., July 7, 2015 /PRNewswire/ -- Eagle Ridge Investment Management, LLC, an independent advisory firm headquartered in Westport, CT and Laidlaw Group, LLC, a Registered Investment Advisor headquartered in Bedford Hills, NY, announced that they have merged their like-sized RIA firms effective July 1, 2015. The combined firm, which will be known as Eagle Ridge Investment Management, LLC will have approximately $550 million in assets under management. The two firms will operate in their current locations until later this year, when they will relocate operations to a new office in Stamford, CT.
Following the merger, clients will enjoy access to an expanded team of investment professionals and support staff working together to meet their needs. Eagle Ridge and Laidlaw Group decided to pursue the merger after significant internal discussion and due diligence spanning a period of 3 years. During this time, principals at both firms had ample time to get to know one another and to determine that each firm's respective investment philosophy and passion for working directly with clients to compound wealth over the longer term were, in fact, very complementary.
As independent, partner-owned entities, both firms have also prided themselves on their ability to give clients truly objective, individualized investment advice that is 'hands-on' and unencumbered by any need to sell product or meet conflicting goals imposed by a larger corporation. This focus on truly independent investment advice will remain unchanged as a merged company. The merged firms' increased scale should also provide benefits that will accrue directly to clients in the form of increased commitments to technology, back office and compliance as well as in form of an expanded research effort supported by a team of 6 investment professionals.
"Investment management firms depend on the quality of the people providing portfolio management, research and client relationship services," said David Tillson, president of Eagle Ridge Investment Management, LLC. David Laidlaw's and his colleagues' professionalism enabled Laidlaw Group to thrive over the course of two wrenching bear markets. "Laidlaw Group and Eagle Ridge share the same fundamental approach to long-term investing," said David Laidlaw, founder of Laidlaw Group, LLC. "This merger will allow each firm to enhance the investment research and service it provides without sacrificing the unique qualities that attracted clients in the first place. It's an exciting step for both companies, and everyone involved is enthusiastic about what this partnership could mean for both clients' interests and the future growth of the merged firm."
About Eagle Ridge Investment Management, LLC
Eagle Ridge Investment Management is an independent RIA with offices in Westport, CT and Bedford Hills, NY. The firm specializes in investment management strategies for clients and currently serves roughly 200 different households, families, individuals and institutions. For more information, visit www.eagleridgeinvestment.com
SOURCE Eagle Ridge Investment Management, LLC