Denver, May 12, 2023 – Shelton Capital Management (“Shelton”) and Rockwood Capital Advisors (“Rockwood”) today announced an agreement under which Shelton is acquiring Rockwood effective May 18, 2023. Through the acquisition, the entire Rockwood team, including its institutional fixed income team dedicated to highly customized solutions that emphasize total return portfolios for its clients, will join Shelton.
Founded in 1997, Rockwood Capital Advisors is a private SEC-Registered Investment Advisor based in St. Louis, MO, and provides advisory services to pension and profit-sharing plans, charitable organizations, and state & municipal government entities. Rockwood’s portfolio management team, with its outstanding track record managing fixed income portfolios for its clients, will complement the growing institutional focus at Shelton. The team will remain in St. Louis.
“Rockwood’s portfolio management team brings compelling investment solutions with great track records, and their client-centric service model complements ours. Their clients have enjoyed outstanding returns and together, we are well positioned to bring this performance to other institutional clients who often times prefer larger scale,” said Steve Rogers, CEO of Shelton Capital Management. “Twenty years ago, clients would have come running for their performance but in today’s market, the first question is often about firm size instead of performance and process. This merger helps solve that headwind for Rockwood.”
Rockwood’s Andy Holtgrieve, a founding partner, commented that “Shelton’s commitment to the fixed income market and corporate culture makes them a natural partner for us. In today’s market, it is necessary to be part of a larger organization because it’s no longer enough to just outperform. With Shelton, we have a comprehensive fixed income platform, robust operational and compliance support, and an institutional caliber sales team.”
This acquisition follows several strategic transactions by Shelton, most recently the Firm’s partnership with Vitruvian Capital Management in January 2022.
About Shelton Capital Management
Shelton Capital Management is a multi-strategy asset management with fund administration and digital marketing expertise. With a determined focus on growth, Shelton is active in acquisitions and fund consolidations. Shelton Capital Management has expertise in mutual funds and separately managed account advisor mergers and has completed numerous transactions with the goal of improving the financial and economic performance of partner firms. Shelton manages over $3.4 billion of assets as of 5/10/23. For additional information, visit https://sheltoncap.com.
Shelton Capital Management is an investment adviser in Denver, CO. Shelton Capital Management is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Shelton Capital Management only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Shelton Capital Management’s current written disclosure brochure filed with the SEC which discusses among other things, Shelton Capital Management’s business practices, services and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.
