Highland Capital, ICC Capital Merge
MEMPHIS, Tenn. (March. 31, 2015) – Highland Capital Management announced today it has acquired the assets of ICC Capital Management. The combination of ICC and Highland increases client assets under management by Highland to $2.8 billion.
Memphis-based investment advisory firm Highland Capital specializes in managing equity and fixed-income portfolios for endowments, foundations, institutions, and high net worth clients. Orlando, Florida-based ICC has managed portfolios for similar clients with an additional focus on public pension funds and Taft-Hartley pension plans.
Highland Capital President and Managing Director Steven Wishnia, who will continue to lead the firm, said the deal provides the combined firm more options to grow.
“At its core, this merger combines two money management firms with complementary areas of expertise,” Wishnia said. “By increasing our client base and expanding our core investment vehicles, Highland can even more effectively serve our clients and prospective clients.”
Michael Tindal, ICC’s managing director, said combining ICC’s pension services with Highland Capital’s long performance history strategically positions the expanded investment firm for growth.
“This is a merger of two firms with excellent strengths,” Tindal said. “We’re fortunate to be teaming up with investment managers who value the security and success of our clients as much as we do.”
Southern U.S. based wealth management firm Argent Financial Group, parent company of Highland Capital, is now responsible for over $11 billion of client assets.
Argent CEO Kyle McDonald applauded the merger. “The addition of ICC to Highland Capital significantly deepens our expertise and enhances the portfolio management services we offer our clients,” McDonald said.
In addition to Highland Capital’s Memphis, Tennessee headquarters, regional offices are in Orlando, Florida and Mobile, Alabama.
About Highland Capital Management, LLC
Highland Capital Management is an SEC registered investment advisory firm specializing in managing equity and fixed income portfolios serving clients throughout the United States. Since 1987, Highland has served clients in the private, corporate and public sector with a proven investment process and solid long-term performance. For more information, visit www.HighlandCap.com.
About Argent Financial Group
Argent Financial Group, Inc., domiciled in Ruston, Louisiana, was formed in 1990 and traces its roots back to 1930. Responsible for more than $11 billion in client assets, Argent Financial Group provides individuals, institutions and businesses in the Southern U.S. with a broad range of wealth management services including trust administration and related services, investment management, family office services, retirement plan and charitable organization administration, mineral (oil and gas) rights management and financial, retirement and estate planning. For more information, visit www.argentcares.com.
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