The combined firm will retain the Adviser Investments name.
Adviser Investments said the new firm will continue to manage customized portfolios of mutual funds, exchange traded funds (ETFs), bonds, and variable annuities for individual investors, trusts, institutions, and foundations.
Adviser Investments, founded in 1994, and Kobren Insight Management, founded in 1987, will have over 45 professionals to serve their clients’ needs.
Kobren chief investment officer, Rusty Vanneman, and fixed-income strategist Chris Keith will join forces with Dan Wiener, founder and chairman of Adviser Investments, and Jim Lowell, the company’s chief investment officer.
Adviser Investments president Dan Silver said this merger enables them to leverage each firm’s talents and resources to better meet the needs of existing and future clients.
"Both firms share a similar investment philosophy that focuses on identifying successful managers, investing for the long term, and tailoring portfolios to individual objectives and risk tolerances. We also believe it’s important to invest our own money alongside our clients. We eat our own cooking," Silver said.
These two firms manage more than $2bn in assets on behalf of over 2,000 clients.
