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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  | 
Kaufman Hall Picks Up $1B Tennessee RIA

Kaufman Hall Picks Up $1B Tennessee RIA

Kaufman Hall Investment Management (KHIM), a subsidiary of Kaufman, Hall & Associates, LLC. has acquired Ponder Investment Company (PIC), a $1 billion registered investment advisor based in Brentwood, TN.

PIC manages fixed income portfolios with a focus on short to intermediate duration as it relates to the investment of bond proceeds, board designated funds and short-term liquidity management for healthcare, cultural, and other institutions, according to Kaufman Hall.

As part of the deal, KHIM will take control of PIC’s business and provide investment management services. PIC’s Britt Cesarone and David Hiteshew will join KHIM as SVPs of portfolio management.

KHIM did not disclose the financial terms of the deal, which closed on October 19.

Founded in 1985, Chicago-based KHIM offers management consulting services to boards and executive management teams, including assistance with strategy, financial and capital planning performance improvement, treasury and capital markets management, M&As, partnerships and joint ventures and real estate.

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Kaufman Hall Investment Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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