Private Companies and Investing and Investment Advisers and Banking & Finance

Local investment firm sold

February 12, 2010

StanCorp Investment Advisers Inc. in Portland, Ore., announced Thursday that the firm has completed its acquisition of Indianapolis-based Redwood Investment Advisers Ltd.
   
Terms of the sale were not disclosed.

Located downtown, Redwood is an independent, fee-only investment advisory firm that provides asset management, tax and financial planning services to high net-worth individuals and pension plans. Much of its business includes physicians and physician groups.

Founded in 1988 by Ted and Judith Christofolis, the firm has $350 million in assets under management, according to Ted Christofolis. The addition of Redwood pushes StanCorp’s total assets under management to more than $1 billion, the company said. StanCorp serves more than 1,200 clients in nine U.S. locations.
 
Christofolis said he and his wife likely will remain with the company for the next few years.

 

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