Buckingham, the St. Louis-based financial services firm, is expanding its nationwide presence by acquiring Texas-based Posey Capital Management. Posey Capital Management will assume the Buckingham name.

Like Buckingham, Posey provides investment management and comprehensive financial planning to individuals, families and businesses. The firm was founded in 2002 by Tom Posey. In addition to being a CERTIFIED FINANCIAL PLANNER™ and having 15 years of experience in financial services, Posey is an experienced attorney, as well as a former chief financial officer. This holistic professional background has long guided his commitment as an advisor to think about all aspects of his clients’ financial lives.

“It’s one of the things that made joining Buckingham the right choice for my team. Not only do we have the same philosophy when it comes to investing and client service, but we also share a tireless commitment to helping our clients build a portfolio and a plan,” says Posey.

Buckingham CEO Adam Birenbaum echoes Posey’s sentiment. “We share a common belief in doing the right thing and acting in clients’ best interests at all times. We have the same core values and evidence-based investment philosophy. Aligning our efforts will allow us to deliver deeper, more comprehensive solutions to our current and future Houston clients.”

The addition of a Houston office brings Buckingham’s total to nine locations in just five years since the firm completed its first transaction in Santa Rosa, CA in 2010. “This transaction in Houston continues our strategic effort to help solve the increasingly complicated succession challenge facing advisors in our industry,” says Birenbaum. It is the firm’s second Texas location. It added an office in Dallas in 2013.

The merger with Posey also brings associates Jeff Eschman, Pam Rowe and Emily Allen to the Buckingham team and approximately $200 million in assets under management (as of March 31, 2015). This continues the firm’s success with supplementing its impressive organic growth efforts with transactions, a strategy it has employed now since October of 2010, with important support from Focus Financial Partners. “This move is a huge win for everyone involved. Our Houston team is able to offer an even deeper level of service to their clients around the country, while we continue to add to our exceptional talent base,” says Birenbaum.

Buckingham is a partner firm within Focus Financial Partners and a member of the BAM ALLIANCE, a community of more than 140 independent, like-minded advisory firms throughout the country that collectively manage more than $26.2 billion (as of March 31, 2015).

By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them.

The opinions expressed by featured authors are their own and may not accurately reflect those of the BAM ALLIANCE. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice.

Posey Capital Management Joins the Buckingham Family

Category