Pavilion Financial Corporation to acquire the business of Jeffrey Slocum & Associates, Inc.
Transaction presents strategic opportunity for both organizations.
Winnipeg, Minneapolis, September 13, 2016 — Pavilion Financial Corporation (Pavilion), an employee-owned, investment services firm, announced today an agreement to purchase the business of Jeffrey Slocum & Associates, Inc. (Slocum). At closing, a significant number of Slocum’s senior management team, consultants and researchers will become shareholders in Pavilion and will maintain key leadership positions in the combined organization.
Slocum serves a broad array of institutional clients in the U.S. and Canada, including healthcare systems, endowments and foundations, retirement plans (defined contribution and defined benefit), insurance companies, religious organizations and Native American tribal communities. Its services include enterprise risk modeling, asset allocation and liability studies, risk management, manager searches, investment policy development, performance analysis and reporting, and client education. Slocum advises on approximately US$125 billion in client assets.
Pavilion offers institutional investment consulting in Canada and the U.S. through Pavilion Advisory Group®, whose consultants provide tailored advice, strategies and solutions for institutional clients in every aspect of the investing process. In addition, Pavilion offers specialized advisory services on alternative asset classes to institutional clients through Pavilion Alternatives Group, one of the largest, dedicated alternative advisory groups in North America. At closing, Pavilion will combine the business of Slocum with its institutional investment consulting subsidiary in the U.S., Pavilion Advisory Group Inc., and the Slocum team will operate under the Pavilion name out of its current office in Minneapolis.
Daniel Friedman, President & CEO of Pavilion Financial Corporation, said the transaction presents a strategic opportunity for both organizations. “The combined team will have the resources and expertise to lead the industry across a wide range of areas such as healthcare, insurance and retirement benefit consulting. The combined resources and research-driven knowledge will allow the advisory teams to enhance their offering to both Pavilion and Slocum clients and to expand the quality advice and solutions they are seeking.”
Jeffrey Slocum, who will be retiring from institutional consulting after a brief transition period, said the transaction provides a defined succession plan for the business he founded in 1986. “We found Pavilion’s commitment to employee-ownership to be a very compelling feature of the transaction since it aligns consultant and client interests. Further, Pavilion’s depth of expertise, its specialized and dedicated services and its commitment to meeting or exceeding client expectations are a good fit for our clients and our team.”
The transaction is expected to close in the coming weeks subject to a number of conditions.
About Pavilion Financial Corporation
Founded in 2006, Pavilion Financial Corporation is an employee-owned investment services firm offering advice and execution services to institutional and other investors. Through its subsidiaries, Pavilion offers a comprehensive suite of integrated services such as investment consulting, implemented consulting, transition management, securities trading, research and wealth management. With business operations in 15 centers around the globe, it has assembled various expert and specialized teams to bring top quality and customized investment advisory services and solutions to clients. For more information, visit www.pavilioncorp.com.
About Pavilion Advisory Group®
Pavilion Advisory Group® offers investment consulting, advisory services, retirement benefit consulting, and implemented or discretionary solutions to corporate and public plan sponsors (DB and DC), not-for-profit healthcare systems, higher education endowments, foundations, and family offices. It serves a global clientele from offices in Chicago and Indianapolis in the U.S., and Montreal, Toronto, Winnipeg and Edmonton in Canada. Pavilion Advisory Group is a trademark of Pavilion Financial Corporation, used under license by Pavilion Advisory Group Inc. in the U.S. and Pavilion Advisory Group Ltd. in Canada. For more information, visit www.pavilioncorp.com/advisory-services