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Pavilion Financial acquires Jeffrey Slocum & Associates

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Pavilion Financial Corporation, an employee-owned investment services firm, is to purchase the business of Jeffrey Slocum & Associates.

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 organisation.
 
Slocum serves a broad array of institutional clients in the US and Canada, including healthcare systems, endowments and foundations, retirement plans (defined contribution and defined benefit), insurance companies, religious organisations and Native American tribal communities. Its services include enterprise risk modelling, asset allocation and liability studies, risk management, manager searches, investment policy development, performance analysis and reporting, and client education. Slocum advises on approximately USD125 billion in client assets.
 
Pavilion offers institutional investment consulting in Canada and the US 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 specialised 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 US, Pavilion Advisory Group, and the Slocum team will operate under the Pavilion name out of its current office in Minneapolis.
 
Daniel Friedman (pictured), president and CEO of Pavilion Financial Corporation, says the transaction presents a strategic opportunity for both organisations.
 
“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,” he says.
 
Jeffrey Slocum, who will be retiring from institutional consulting after a brief transition period, says 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 specialised and dedicated services and its commitment to meeting or exceeding client expectations are a good fit for our clients and our team,” he adds.
 
The transaction is expected to close in the coming weeks subject to a number of conditions.

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