On April 25, 2016, Pacific Asset Advisors LLC announced the signing of a definitive agreement to purchase Cadence Capital Management, an investment-management firm based in Boston, Massachusetts.
Under the terms of the deal, Cadence Capital Management (“Cadence”) will continue as an independent investment advisor, and the firm’s portfolios will be managed in the same fashion. The transaction is expected to close on or about June 30, 2016. No additional transaction terms were released.
Pacific Asset Advisors LLC is an investment management firm that the Pacific Life Insurance Company (“Pacific Life”) wholly owns. Pacific Life offers life-insurance products, annuities, mutual funds as well as a variety of investment products and services.
Cadence is a boutique investment firm that manages approximately $4 billion on behalf of institutions, mutual funds and high net worth individuals.
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