PORTLAND, Ore., Feb. 12, 2025 -- Allium Financial Advisors, LLC (Allium) announces its 12/31/2024 acquisition of Irvington Capital, LLC's (Irvington Capital) assets, a Portland, Oregon-based investment advisory firm.
Founded over 15 years ago, Irvington Capital was managed by principal owner, Michael (Mick) Elfers. Like Allium, Irvington Capital was independently operated and employee owned. Following the close of this acquisition, Allium has over $650 million under management with an additional $50 million in assets managed in two independently operated, niche fund-of-funds alternative investment strategies.
"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" said Scott Thompson, principal and Chief Investment Officer of Allium. The Irvington Capital Master Fund, LLC is a diversified multi-manager fund focused primarily on alternative credit strategies. "Allium was uniquely positioned to acquire Irvington Capital given our family office approach to client financial management and our in-house expertise and tenure managing alternative investments".
Allium has four financial advisors and employs a staff of ten, working with high-net-worth families as well as endowments and foundations, providing holistic, ongoing financial planning and investment management. With a focus on multigenerational families, business owners and nonprofits, Allium strongly values how estate planning, gifting strategies, cash flow, tax strategy and succession planning contribute to the management of a client's investment portfolio. "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. Additionally, we share in our passion for building portfolios that are designed with the potential to outperform their relative benchmark with lower volatility - the benefits we have found through alternative investments" said Sheree Arntson, CEO of Allium.
"We welcome Irvington Capital's clients into the Allium family and look forward to building on Mick's success with the Irvington Capital Fund," said Scott Thompson. Scott also manages a niche, exclusive short activist fund of funds strategy, Uptick Canaria Fund, LP.
About Allium Financial Advisors
Allium is a women and minority owned, independently operated investment advisory firm that was founded in 2016 by a team of experienced, collaborative, caring industry experts. We offer comprehensive services at every step of your financial journey. From investments to legal, tax, risk management and trustee services, we manage it all. We think of it as financial LIFE management. For more information, please visit https:///www.alliumfinancial.com.
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