CHICAGO, January 4, 2017 – Marquette Associates, Inc. today announced the firm will merge the operations and staff of Peirce Park Group, Inc. into Marquette. Peirce Park Group, a Pennsylvania-based investment consulting firm, provides similar investment consulting services to public fund, Taft-Hartley, corporate, non-profit, defined contribution and high net worth clients.
“Peirce Park shares our culture of client focus, independence, transparency and thought leadership, as well as our vision to lead the industry in client service. Both firms have a holistic consulting approach that focuses on the unique needs of each client,” said Brian Wrubel, president of Marquette. “To that end, Peirce Park also adds considerable expertise and high-quality talent to Marquette’s growing discretionary practice, as well as expanded service capabilities on the East Coast.”
Headquartered in West Chester, Pa. with an additional office in Pittsburgh, Pa, Peirce Park manages over $4.5 billion in assets on behalf of more than 35 institutional clients as of December 31, 2016. The West Chester headquarters and existing client team will ensure continuity of service, while also benefitting from added resources. Michael W. Shone and Lee H. Martin will become managing directors at Marquette as part of the agreement, adding additional stability at the senior leadership level. Michael Shone brings over 30 years of investment-related experience. Lee Martin has 16 years of experience with Peirce Park Group.
“For over 28 years, we have been dedicated to providing our clients with independent investment advice and exceptional client service drawing on leading edge technology and a knowledgeable, talented staff,” said Michael Shone, president of Peirce Park. “By joining with Marquette, a firm we’ve known since 1988, our existing investment consultants will further enhance service levels, drawing on access to additional investment professionals, research, expertise and technology.”
About Peirce Park
Founded in 1988, Peirce Park, Inc. is a Pennsylvania-based independent, employee-owned investment consultant to institutions. Park Peirce serves over 35 retainer clients representing more than $4.5 billion in assets, including public funds, corporations, charitable organizations and other institutions.
About Marquette Associates
Marquette Associates is a Chicago-based, independent investment consulting firm that guides institutional investment programs with a focused three-point approach and careful research. Marquette has served a single mission since 1986 – enable institutions to be more effective investment stewards. Marquette places client fiduciary duties first through complete independence and 100% employee ownership. The firm currently serves more than 300 clients with over $133 billion in assets – from public funds, Taft-Hartley and corporations to endowments, foundations and other non-profits.
For more information, please contact Brian M. Wrubel at 312.527.5500 or bwrubel@marquetteassociates.com.
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