Wealth management firm Archford Capital Strategies has purchased Deschaine & Company, an investment management firm led by Marnie Deschaine and her late husband Mark Deschaine, for an undisclosed sum.
The combined entity will be based at Archford’s Swansea, Illinois location, reported STLToday.com.
The acquisition of Deschaine asset management business will enable Archford to increase its current portfolio of investment strategies.
Archford Capital Strategies provides estate, retirement, financial, and business planning services with a team of over 25 staff.
As part of the deal, Archford will continue to implement Mark Deschaine’s Dividend Income Growth Strategy, which used a unique screening process (HOLT) founded by Bob Hendricks. Also, Archford will continue to work with Hendricks for the screening research.
TD Ameritrade will continue to act as the custodian for the combined entity.
Archford CEO and founder James Maher said: "We believe in the commitment and diligence that Marnie and her team have shown their clients, and truly feel that a combination of the two firms will benefit both their workforce and ours, but most importantly, the customers of each."
Deschaine & Company president and managing member Marnie Deschaine said: "I am confident that combining with Archford’s talented team of investment professionals, and the new capacity to offer a comprehensive suite of financial services, will ensure the longevity of the firm while also allowing us to better meet our clients’ financial goals."