Clark Consulting Inc. acquired Stratford Advisory Group, the companies announced today. Terms were not disclosed. All of Stratford's 30-member staff will join Clark Consulting's Clark Investment Consulting Group, which has about 20 employees, said Ted L. Disabato, CIO of Clark Investment Consulting. Thomas H. Dodd, Stratford president, will become director of the Clark Investment's Chicago office; Susan N. McDermott, Stratford director of research, and Jack Wildermuth, Stratford director of client services, will have the same positions at Clark Investment. All three are new positions, Mr. Disabato said. Clark Investment Consulting Group and Stratford consult to clients that have total assets of $24 billion, Mr. Disabato said.
"We are looking to expand our footprint in traditional institutional investment consulting, independent investment consulting," said Mr. Disabato.
Neither firm used an investment banker for the transaction, he said.