Investment consultants Marquette Associates and Fiduciary Consultants Inc. signed an agreement to merge, the companies announced Wednesday.
Terms weren't disclosed.
Brian Goding, president and sole owner of FCI, will become an equity partner at Marquette and continue to run FCI's office in St. Louis.
Marquette has $77 billion in assets under advisement; FCI, $6 billion.
“Our vision for Marquette is to be a leading consultant and provide superior client service,” said Brian Wrubel, president of Chicago-based Marquette Associates, in a news release. “FCI gives us a stronger presence in the St. Louis area that will ensure continued oversight of current and FCI clients. We are thrilled to welcome FCI to the Marquette team.”
A phone call to Mr. Wrubel was not returned by press time.