AndCo Consulting (AndCo) is pleased to announce the acquisition of the Morrison Fiduciary Advisors (Morrison) institutional consulting practice.  Morrison is an independent, institutional consulting firm located in Pittsburgh, PA. with a focus on servicing institutional plans in the Pennsylvania market.  The acquisition will help increase AndCo’s already sizable presence in the public and Taft-Hartley plan space generally and its growing client base in Pennsylvania.  Post-acquisition, AndCo’s assets under advisement are expected to be approximately $106 billion with institutional clients across the United States, Canada, Bermuda and the Cayman Islands.

Morrison was founded over two decades ago with the sole purpose of helping its clients reach their investment goals through a philosophy that is client-focused and results-driven.  “Morrison’s independent model, customized service philosophy, and geographic footprint made the acquisition of its institutional consulting practice an excellent fit”, said Mike Welker, CEO of AndCo. “We look forward to servicing these clients within the independent framework and high-quality custom service model to which they are accustomed and expect.” “Finding the right fit for the institutional clients that we serviced over 20 years was of the utmost importance in our selection process” said Frank Burnette, Founder & President of Morrison. “We have had a long mutual respect with AndCo as competitors in the institutional consulting space in Pennsylvania and believe they are a great fit for our institutional clients and will only enhance the services our clients have been receiving with their impressive firmwide resources.”

The transaction is slated to close on January 1st, 2023.



About AndCo 

AndCo is a full-service 100% employee managed Independent registered institutional investment and retirement plan consulting firm, founded on the belief and conviction that only an independent institutional consulting firm can put their clients first in every situation. The firm is comprised of a dedicated group of industry specialists with diverse business backgrounds working together toward the common goal of simplifying the investment and fiduciary decisions of fund sponsors.  AndCo serves as an independent fiduciary to each of its clients and avoids all conflicts by accepting no soft-dollar compensation, having no broker dealer affiliations, selling no investment products, and has no pay-to-play arrangements.  AndCo’s headquarters is located in Orlando, FL and has satellite offices in Chicago, IL; Cleveland, OH; Detroit, MI; Reno, NV; Pittsburgh, PA and Dallas, TX.

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Lauren Kaufmann
AndCo Consulting

This communication is intended for informational purposes only and should not be regarded as investment advice or as a recommendation regarding any particular course of action.  AndCo Consulting is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability.