Spokane-based Vickerman & Driscoll recently merged with Ten Capital Wealth Advisors to create one of the largest independent registered investment adviser firms in the region.
The two wealth management firms, which combined July 1 to operate under the name Ten Capital, are poised to manage more than $755 million in assets. Tim Mitrovich will remain CEO and chief investment officer of Ten Capital. Former Vickerman & Driscoll President Mike Vickerman has joined the firm’s management team and will also serve as a senior financial adviser.
“We are excited to have Mike join us and it’s a huge honor to have one of Spokane’s most successful and original registered investment adviser firms join us,” Mitrovich said. “We certainly look forward to having his input and expertise as we continue to grow and evolve.”
Vickerman, a Spokane native, began his career as a certified public accountant for Ernst & Young, where he served the firm’s blue-chip clients and handled public stock offerings. He worked for Job Line Construction and Pacific West Securities before co-founding accounting firm Vickerman & Driscoll Financial Services with Kevin Driscoll in 1996. The firm became Vickerman & Driscoll Financial Advisors Inc. in 2000.
Ten Capital, founded by Mitrovich in 2012, provides investment, private wealth and corporate retirement plan management, in addition to other types of financial planning. The firm’s client base, which is mostly based in the Pacific Northwest, includes business owners, retirees, executives and high-net worth families, among others.
The addition of Vickerman & Driscoll’s team brings accounting and taxation specialty to Ten Capital, and an expanded knowledge of retirement and financial planning that pairs well with the firm’s “goals-based planning approach,” Mitrovich said.
Ten Capital, which has been an avid supporter of local community organizations and nonprofits, including the Northwest Museum of Arts and Culture, First Tee of the Inland Northwest, Hoopfest, Providence Health Care Foundation and others, aims to continue providing a personalized approach to clients’ financial planning.
“The biggest thing we hear from clients is ‘we didn’t know a firm like this existed’,” Mitrovich said. “We take what can be a very scary topic and make it relatable, and people leave feeling empowered … we want people to know that we are here to help.”
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