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Deals & People February 14, 2008
OH Consultant Merges with RIA
Cincinnati-based financial consulting firm, CHALK Advisory Board, Inc., has merged with registered investment advisory firm, Fiduciary Consulting Group, Inc.
Reported by Fred Schneyer
According to a news release, the resulting entity will operate as Fiduciary Consulting Group, Inc. with Steff C. Chalk as Chief Executive Officer and C. Marshall Esler as Executive Vice-President.
The announcement said the new company will provide analytical-based investment consulting – defined as Assessment, Education, Reporting, and Advice – to individuals and committees who have accepted the responsibility for fiduciary oversight of institutional-based financial assets. During 2007, the combined firms provided fiduciary management, assessment, and consulting services to institutional clients with assets in excess of $2.4 billion, according to the announcement.
“Fiduciary Consulting Group, Inc. will continue its core competency of advising institutional investment committees and corporate decisionmakers in the establishment of prudent investment policy and procedures to strengthen investment-oriented decisions and processes,” Chalk said.
The company will not engage in, nor receive any direct or indirect compensation from the sale or utilization of any specific investment products, the announcement said.
For more information, contact Chalk at (513) 624 – 0156.
Steff Chalk is a columnist for PLANADVISER magazine. His most recent article is here.
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