#United States #Portland #investment advisory #Allium Financial #Irvington Capital

Allium Financial Advisors Acquires Irvington Capital

In a strategic move to expand its investment management capabilities, Allium Financial Advisors, LLC has recently completed the acquisition of Irvington Capital, LLC’s assets on December 31, 2024. This acquisition not only broadens Allium’s asset base but also reinforces its commitment to providing exceptional financial advisory services to its clients.

A Legacy of Investment Expertise

Founded over 15 years ago, Irvington Capital was headed by Michael "Mick" Elfers, who played a vital role in establishing its reputable standing in the financial advisory sector. The firm operated independently and was employee-owned, similar to Allium. With this new acquisition, Allium is expected to enhance its portfolio, amassing a total of over $650 million in assets under management, along with an additional $50 million stemming from two niche fund-of-funds alternative investment strategies.

Scott Thompson, Allium's principal and Chief Investment Officer, expressed his enthusiasm, stating, "It is an honor to be selected as Mick's succession plan, to continue his thoughtful client service and enthusiastic approach to managing the Irvington Capital Fund." This statement underscores Allium’s commitment to upholding the quality of service that has been synonymous with Irvington Capital.

Strategic Alignment in Investment

The acquisition aligns seamlessly with Allium’s operational philosophy. Allium focuses on providing personalized financial management and investment strategies that cater to high-net-worth families, business owners, and nonprofits. The firm prides itself on its holistic approach to financial planning, considering aspects like estate planning, cash flow management, tax strategies, and succession planning as critical components of an effective investment portfolio.

Sheree Arntson, the CEO of Allium, noted, "It has been a joy getting to know Mick, finding a colleague who shares our values of investing in the client by listening and seeking client-specific solutions." This reflects the culture of collaboration and client-centric service that both firms uphold.

Alternative Investments and Future Growth

The Irvington Capital Master Fund, LLC, which is part of this acquisition, is primarily focused on alternative credit strategies, offering clients diverse investment opportunities. Allium’s approach to managing investments includes a family office strategy that emphasizes not only wealth preservation but also growth through less traditional avenues. This acquisition further establishes Allium’s reputation as a leader in alternative investments.

As they welcome the clients of Irvington Capital into the Allium family, Thompson expressed optimism about maintaining and building upon the success that Mick Elfers has achieved with the Irvington Capital Fund. This growth strategy is integral to Allium's vision, as they look to the future with a renewed focus on client relationships and innovative investment strategies.

About Allium Financial Advisors

Established in 2016, Allium Financial Advisors is a women and minority-owned investment advisory firm that emphasizes a collaborative and caring client approach. With a dedicated team of financial advisors and a robust support staff, the firm is well-equipped to handle various aspects of financial management, from investment strategies to legal and tax services. Allium positions itself not just as a financial adviser but as a partner in its clients' financial journeys, offering comprehensive support at every step.

In this dynamic landscape of finance, the integration of Irvington Capital’s experienced team and strategic assets will undoubtedly bolster Allium's capabilities, ensuring continued excellence in serving their clientele. For more insights and detailed information regarding their offerings, visit Allium’s official website.