Logan Capital Management, Inc., a registered investment adviser, announced Feb. 18 that it completed its move to its new headquarters in Newtown Square, Pa.
The firm noted that the move will allow it to better serve its clients and expanding team.
“Our proximity to services, hotels and facilities will aid our client services, and the location brings us closer to investment peers,” Stephen Lee, a founding principal at Logan Capital, said. “We had a great year in 2019, and we’re excited to benefit from the new office space moving forward.”
In 2019, Logan Capital added approximately $1.3 billion in assets and surpassed $3 billion in total assets as of Dec. 31, 2019.
“We were pleased with our performance in 2019, especially as we approached year-end and noted an acceleration of new business across almost all distribution channels through December,” Christopher Travers, managing director of National Sales and Business Development at Logan Capital, said.
The firm noted that a major driver of its growth in 2019 was its acquisition of two dividend performers strategies and the onboarding of the team managing those strategies in Feb. 2019. The Logan Dividend Performers Strategy and Logan Dividend Performers Balanced Strategy invest in companies with more than five years of dividend growth and market capitalizations exceeding $2 billion.
“The Dividend Performers team joining us at the start of 2019 and our Financial Institutions Group business accelerating at the pace it has since launching in 2016 demonstrate our increasingly diversified distribution capability and better-than-ever product mix,” Dana Stewardson, a founding principal at Logan Capital, said. “The healthy diversity of the product usage across platforms provided flows into our 60/40 CORE product, as well as our Large Cap Growth, Logan Growth, International Dividend ADR and Dividend Performers models. We look forward to further building on our team and strategies in 2020.”
Logan Capital noted that it would “work closely with its platform partners to assist them with business development objectives and potentially broaden the firm’s offering mix, as appropriate.”