Davidson Investment Advisors, a wholly-owned subsidiary of D.A. Davidson Companies and a provider of investment services and advice, has bought Caprin Asset Management LLC, a registered investment advisor focused on the management of fixed-income portfolios.
Based in Richmond, Va., Caprin offers municipal and taxable fixed-income investment services and manages approximately $1.3 billion in client assets. Upon closing, Davidson Investment Advisors will manage over $4 billion in assets under administration, with Caprin’s business operating as “Caprin Asset Management, a division of Davidson Investment Advisors.”
“With enhanced investment resources for our strategies and the capabilities of a larger asset manager, we look forward to leveraging the strength of our combined platform for our respective clients,” comments Michael Hoover, president of Caprin Asset Management.