Seattle, Washington January 3, 2023 – Pacific Portfolio Consulting, LLC (“Pacific Portfolio”) announced the acquisition of Conway Jarvis, LLC, a Seattle-based firm with approximately $350 million in assets under management. Conway Jarvis will operate as Pacific Portfolio and all its employees will remain in place. The combined firm will have approximately $4 billion in assets under management.
The acquisition is part of Pacific Portfolio’s strategic plan and vision to continue to expand its comprehensive wealth management and investment advisory services on an independent and multi-generational ownership platform.
“I am excited to announce the acquisition of Conway Jarvis,” says Lawrence Hood, founder, Chairman of the Board/CEO of Pacific Portfolio. “I have known the firm and its founders for many years, and it has always been clear that we share a passion and commitment to meeting our responsibilities as a fiduciary advisor with a strong track record of providing exceptional advice and client services. The addition of Conway Jarvis’ Senior Advisors and Asset Management capabilities will benefit our clients as we integrate to enhance our holistic Wealth Management offering.”
As part of the acquisition, Conway Jarvis will become shareholders of Pacific Portfolio. Eric Jarvis will be appointed to the Board of Directors and Messrs. Jarvis and Gregory Conway will serve as Senior Wealth Management Advisors, become members of the Investment Committee, and provide leadership over the firm’s individual asset management offering.
“We’re looking forward to broadening our service offering for those clients in need of formal planning and trust services. In addition, the improvements in technology and infrastructure provided by Pacific Portfolio provide efficiencies that allow us to interact more frequently and effectively with all our clients,” says Eric Jarvis and Greg Conway, founders of Conway Jarvis.
“We had reached a point in our practice where providing continuity in client service and asset management had become a greater priority. We’ve enjoyed a decades-long personal and professional relationship with leadership at Pacific Portfolio and know the firm shares our ‘client interests first’ culture. We believe the synergy between firms will benefit our clients and theirs while providing a compelling service offering for generating new business.
We had first-hand experience with the asset management and administration services their clients enjoyed. Our portfolio management practice, utilizing individual securities, is an add to Pacific Portfolio’s already impressive management offering directed to both the institutional market and high net worth individuals. Their in-house planning practice and trust services offering was especially attractive to us for servicing those clients experiencing liquidity events or generational wealth transfers. Our use of their technology and infrastructure makes us more efficient in meeting client expectations.
We’re excited to be collaborating with Pacific Portfolio as an enterprise that operates more like a practice where each client is viewed as unique. Their defined needs, goals, risk tolerance, performance expectations, and sophistication level set them apart. We’re excited to have the in-house tools to address those differences and create a rewarding experience for our clients at Pacific Portfolio.”
About Pacific Portfolio:
Pacific Portfolio is a Seattle-based wealth management firm serving high net worth families, individuals, and institutions since 1992. With nearly $4 Billion of assets under advisement, Pacific Portfolio has been selected as one of the top independent financial advisory firms in the nation by multiple industry publications. For three decades, Pacific Portfolio has provided tailored financial guidance to its clients with one goal in mind: Increasing their Value of Time®. Since inception, Pacific Portfolio has remained private and locally owned through its long history as one of the region’s top-ranked independent wealth managers and investment advisors. Its size, experience, and commitment as a fiduciary enables them to handle all the financial matters for their clients in a way that aligns with their values and best interests. Pacific Portfolio also serves as a corporate trustee through its affiliated company, Pacific Portfolio Trust Company, and both companies are wholly owned subsidiaries of Pacific Wealth Advisors LLC.
About Conway Jarvis:
Conway Jarvis LLC was founded in April of 1994 by Greg Conway and Eric Jarvis. The firm provides investment counsel and portfolio management expertise, utilizing publicly-traded individual securities in both taxable and retirement accounts. Their clientele is comprised of high-net worth individuals, families, and business owners.
For media inquiries contact:
Lisa Cook
Chief Operating Officer, Partner
(206) 623-6641
lcook@pacific-portfolio.com
