The Bogdahn Group is acquiring Becker, Burke Associates, effective Jan. 1, confirmed Howard Pohl, president of Becker, Burke.
Mr. Pohl would not discuss terms of the deal.
The Bogdahn Group, an Orlando, Fla.-based investment consulting firm with about $41 billion in assets under advisement, will retain the full staff of Chicago-based Becker, Burke, which has about $4 billion in assets under advisement.
Mr. Pohl said in a telephone interview that the two firms started talking about the acquisition this past January.
“We had subsequent visits and it seemed like it was an excellent match because their philosophy, ethics and overall approach to consulting was very much like ours,” Mr. Pohl said.
The deal is the result of The Bogdahn Group's wish to have a Chicago office to serve its Midwest clients, he added.
Mr. Pohl said any changes in titles of personnel as a result of the acquisition have yet to be determined.
Mike Welker, president and CEO, and Bryan Bakardjiev, chief operating officer, at The Bogdahn Group, were not available by press time.