L.M. Kohn and Company, an independent, SEC-Registered Investment Adviser and Broker-Dealer has acquired Baker and Company (Cleveland, OH). Founded in 1971, Baker and Company is an investment firm providing financial planning, investments and advisory services to individuals, trusts, estates, charitable organizations, retirement accounts and corporations.
Baker and Company will retain its name, becoming a brand of L.M. Kohn and Company. Every advisor formerly under Baker and Company will join the L.M. Kohn and Company group, and former Baker and Company leadership will remain present for a period after the acquisition to ensure a smooth transition. Baker and Company advisors will have the full support of L.M. Kohn and Company, and service to their clients will remain unaffected.
This acquisition expands L.M. Kohn’s geographical footprint in the region as it continues to prove a viable partner for smaller Broker-Dealers and Registered Investment Adviser firms who are not looking to sell to the larger firms in the industry.
“Baker and Company was a good addition, as they were another Ohio-based financial services firm with a culture and values that align with our own,” said L.M. Kohn and Company President, Carl Hollister. “We are very pleased with the retention and confidence of the Baker & Company advisors. We continue to be open to transactions like this, of smaller firms with excellent reputations wishing to be acquired but hesitant to sell to the larger wirehouses.”
“L.M. Kohn attracted us because they have such a good reputation in the industry, and that’s important to us,” said former Baker and Company Chief Financial Officer, Melissa Henahan. “I was impressed by their business model and its focus on helping independents, their utilization of modern technology, and their emphasis on helping advisors maintain compliance. I know my clients are going to be in good hands.”
About L.M. Kohn
Founded in 1990 by Larry M. Kohn, L.M. Kohn and Company is an independent, family-owned, hybrid Registered Investment Adviser (RIA) and Broker-Dealer (B-D) based in Cincinnati, OH. L.M. Kohn is a haven for financial advisors who have built or want to build an independent, lifestyle practice without the added cost, administration, and headaches of being their own independent entity. The company is committed to affiliating with advisors who are dedicated to their business. Those who serve their clients to the best of their ability, and who have demonstrated devotion to operating their own practices with integrity, transparency, and a fiduciary duty whether it’s legally required or not. For more information, visit www.lmkohn.com.
Carl R. Hollister, L.M. Kohn & Company
Dan O’Keeffe, O’Keeffe PR
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