True North Advisors Announces Partnership With Western Research & Management

Integrated Firm to Have More than $1.35 Billion Under Advisement

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Mar 25, 2019, 11:37 ET

DALLAS and FORT WORTH, Texas, March 25, 2019 /PRNewswire/ -- Dallas-based True North Advisors announced today the completion of a strategic partnership with Fort Worth company Western Research & Management. The integrated entity will be known as True North Advisors and will maintain offices in both Dallas and Fort Worth.

For the past 20 years True North has focused on delivering holistic wealth management to clients by providing sophisticated multi-asset class public and private investment management and comprehensive financial, estate and tax-planning solutions. Western adds expertise in hedge funds, private equity, and venture capital, and brings a track record of internally sourcing proprietary direct investments through its corporate finance intelligence group.

"At True North, we are constantly pushing the envelope to improve the outcome for our clients," said Scott Wood, CEO of True North. "In an environment of stagnating public market returns, the integration between True North and Western further expands our private investment capabilities to create a truly differentiated offering for clients, allowing us to align portfolios across the most attractive public and private markets as appropriate."

Since 1998, Western Research & Management has served as the investment management arm of Western Commerce Group, a Fort Worth-based firm with expertise in corporate finance, mergers & acquisitions, and merchant banking throughout various industry sectors. In addition to acquiring the asset management business of Western, True North has also formed a strategic alliance with Western Commerce Group. Western's expertise in mergers & acquisitions and corporate finance will provide direct deal-sourcing capability for True North clients, bypassing outside funds to provide a more compelling return profile on those investments.

"Combining True North's sophisticated platform of investment management, financial planning, and technology solutions with Western's deep experience in private and alternative investments presents the rare opportunity where two firms truly complement each other and their clients immediately benefit from the partnership," said Chris Pate, Managing Director of Western Research & Management. "We look forward to leveraging these advantages on behalf of our clients and partners."

"True North has spent the time and money to continue to improve their service and advisory delivery model, as well as their investment platforms. True North's strategic partnership with Western will allow them to source, conduct due diligence and underwrite risks for high quality private investments," said Tom Montgomery, Managing Partner at Montgomery Capital Advisors.

MEDIA CONTACT:
Vicky Riley
214.680.1712
[email protected]

SOURCE True North Advisors