Wood Investment Counsel & Obermeyer Asset Management Join Forces
Denver, CO -- (October 6, 2014) – Wood Investment Counsel, LLC and Obermeyer Asset Management Company announce their merger today. The combined firm will do business as Obermeyer Wood Investment Counsel, LLLP with offices in Denver and Aspen. The merger will place Obermeyer Wood among the top 10 investment advisory firms in Denver with approximately $1.7 billion in managed assets.
Wally Obermeyer, founder of Obermeyer Asset Management Company, will serve as co-chairman and president for the new entity with George Wood, founder of Wood Investment Counsel, as co-chairman. The combined organization will include 17 employees with 11 investment professionals among the two offices and a total of 600 family relationships.
“We are thrilled to announce the formation of Obermeyer Wood and believe the combination of human capital deepens our experience and leverages our mutual strengths,” says Wally Obermeyer, co-chairman and president of Obermeyer Wood Investment Counsel, LLLP. “We truly believe this will enhance our ability to serve our clients’ long-term interests and grow our business by recruiting and retaining high quality investment professionals.”
Obermeyer Wood provides a full suite of investment advisory services focused on investment portfolio management, asset allocation and risk assessment. The firm also assists clients with significant financial changes, retirement planning, and philanthropic advisory and implementation.
“Over time we have developed a strong mutual respect for one another and found that we shared core values, including a long-term investment philosophy and dedication to client service,” says George Wood, co-chairman, Obermeyer Wood Investment Counsel, LLLP. “Our discussions eventually led to the realization that combining the two firms would create a robust investment organization, allowing us to build on the best of both firms.”
The Denver office of Obermeyer Wood is based in Cherry Creek at 55 Madison Street, Suite 680. The firm’s Aspen office is located at 501 Rio Grande Place, Suite 107.
Obermeyer Asset Management Company was founded in 1997 by Wally Obermeyer. Wally is the son of Klaus Obermeyer founder of Sport Obermeyer, Ltd. Prior to founding Obermeyer Asset Management, Obermeyer was regional vice president of Heritage Trust and Asset Management. He has a broad range of business and financial experience including managing the family’s ski apparel business and founding a hydroelectric generation company. Obermeyer earned his MBA from Harvard Business School and a BA, cum laude, from Harvard College. He has been named seven times to Barron's Magazine's "Top 100 Independent Financial Advisors".
Wood Investment Counsel, LLC was founded by George Wood in 1982 to provide independent investment management. Wood began his investment career in 1969 as an investment analyst with Stein Roe & Farnham, a leading investment advisory firm in Chicago, and later became a partner of the firm. He was subsequently with State Farm Insurance, where he was responsible for investment analysis and portfolio management. Wood was awarded an MBA from the University of Chicago and a Professional Engineering degree in chemical engineering from the Colorado School of Mines. He serves as chairman of the Colorado School of Mines Foundation’s investment committee.