2 Financial Service Firms Merged
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Hagerty, Stewart and Associates and Optivest, two independent financial service firms in Newport Beach, have merged to form the holding company of Hagerty, VanMourick & Logan.
Subsidiary operations of the new firm include a corporate and private money management firm called Optivest and a brokerage and investment banking operation called Hagerty, VanMourick & Logan.
Kelly Hagerty is chairman of the holding company while former Optivest partners Garfield Logan and Mark VanMourick head the operating subsidiaries. Hagerty also is chairman of the board of St. Joseph Hospital in Orange.
Logan, who will be president of the money management unit, said Optivest currently has more than $100 million under management for clients that include corporations and a number of wealthy Southern California families.
The brokerage and investment banking firm, to be headed by VanMourick, had operated as Hagerty, Stewart and Associates with about $200 million in annual volume.
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