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Archford Capital acquires Deschaine, will operate out of Swansea


From Illinois Business Journal news services

St. Louis-based wealth management firm Archford Capital Strategies has acquired asset managers, Deschaine & Company. The combined firm will conduct business under the Archford name and operate out of Archford’s Swansea location.

The purchase of Deschaine & Company’s asset management business allows Archford to expand its current portfolio of investment strategies, while adding to its workforce.

The acquisition was effective Sept. 1 Deschaine was founded in 1999 by Marnie Deschaine and her late husband, Mark.

CEO and Founder of Archford, James D. Maher, said, “Archford Capital was built around a philosophy of best … practices, people, and strategies, along with cutting edge effort. We believe in the commitment and diligence that Marnie and her team have shown their clients, and truly feel that a combination of the two firms will benefit both their workforce and ours, but most importantly, the customers of each.”

Archford will continue to implement what Maher said is Mark Deschaine’s proven Dividend Income Growth Strategy. Deschaine also used a unique screening process (HOLT) to enhance the research to implement his strategy. That screening process was founded by Bob Hendricks, and Deschaine became the first user of the product in 1985. Archford will continue to work with Hendricks. The now-Credit Suisse/HOLT screening research has become an important part of its process, the company said.

Archford Capital Strategies is a full service wealth manager offering estate, retirement, financial, and business planning. Team members hold more than 25 industry-leading professional designations and advanced degrees, and they manage over a half billion dollars in assets and custom-manage several methods of investing and asset allocation. The combined firm will continue with the same custodian (TD Ameritrade), with no disruptions in services or moves to go through.

“There were many considerations that led to this decision, but as with everything we do, our primary motivator is doing what is in our clients’ best interest,” said Maher. “We are extremely pleased and honored to welcome Marnie and her team, continuing on with their investment strategy, while also leveraging it within our philosophy, investment disciplines, and talented people to carry them through.”

Deschaine & Company President and Managing Member Marnie Deschaine stated: “I am grateful to have found a home at Archford Capital in which Deschaine & Company clients will continue to benefit from my husband’s Dividend Growth Strategy. My main objective driving the merger is to take care of our clients and provide them with succession. I am confident that combining with Archford’s talented team of investment professionals, and the new capacity to offer a comprehensive suite of financial services, will ensure the longevity of the firm while also allowing us to better meet our clients’ financial goals.”

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