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Obermeyer Wood Investment Counsel Positions for Long-Term Growth with RedBlack Advanced Rebalancing & Trading Solutions

April 9, 2020

Atlanta, GA, April 9, 2020 — RedBlack Software LLC, a market leader for portfolio rebalancing and trading, today announced that Obermeyer Wood Investment Counsel, LLLP (Obermeyer Wood), an Aspen and Denver-based registered investment advisor with approximately $1.4 billion in assets under management, have entered into a long-term agreement to provide integrated trading, rebalancing, and order management services. The solution will be fully integrated with Orion Portfolio Solutions and the firm’s multiple custodians.

“We are excited to partner with Obermeyer Wood and are confident in our ability to offer a fully integrated investment management process that will deliver a sophisticated solution that is both flexible and reliable to meet Obermeyer Wood’s needs,” said John Grimaldi, Chief Operating Officer of RedBlack. “This partnership emphasizes our commitment to working with industry leaders, such as Orion, leveraging our open architecture to deliver a best in class solutions for our clients.”

Obermeyer Wood provides portfolio construction, asset allocation, stock and bond selection, retirement planning, and investment advisory services to help individuals, families and organizations grow and protect their wealth. Obermeyer Wood wanted to implement a solution to drive better, more efficient outcomes with its partner firms.

“Obermeyer Wood has a strong working relationship with multiple custodian partners, so it was important for us to have a long-term, scalable solution in place that would bring trading across the various platforms together. We selected RedBlack as our partner, and as a result, our operations are becoming more seamless and efficient,” said Charlton Rugg, Chief Compliance, Legal, and Technology Officer of Obermeyer Wood.

In December 2019, RedBlack was acquired by Invesco Ltd., a global independent investment management firm. The acquisition built on Invesco’s record of successfully partnering with and investing in technology to provide advisors with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture.

“RedBlack has a strong reputation and creates tremendous value for its clients today,” said Bryan Perryman, Head of Digital Strategy at Invesco. “We are investing heavily in RedBlack’s core business and its clients to enable further growth in the US and abroad.”

About RedBlack
RedBlack provides investment professionals with the rebalancing, order management, and trading solutions required to manage complex portfolios. At our core is a disciplined focus on client-driven design, innovative technology and agile delivery. RedBlack’s solutions continuously evolve to meet the demands of our clients and the industry. Intuitive software, personalized training, and dedicated support deliver an immediate return on investment. RedBlack’s clients include single and multi-family offices, wealth advisors, large financial institutions, trust companies, registered investment advisors, pension funds, and foundations representing more than $350 billion in assets under management. For more information, please call (603) 232- 9406 or visit www.RedBlackSoftware.com.

About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed $1.1 trillion in assets on behalf of clients worldwide as of February 29, 2020. For more information, visit Invesco.com.

About Obermeyer Wood
Obermeyer Wood Investment Counsel, LLLP, is an independent registered investment advisor and financial planning firm based in Aspen and Denver, Colorado. Since 1982, hundreds of individuals, families, and nonprofits have trusted Obermeyer Wood to help them identify and achieve goals using sound advice, careful planning, and clear communication. The firm is consistently recognized as a leading independent advisor by national publications and managed $1.4 billion in assets on behalf of clients as of March 31, 2020. For more information, call (303) 321-8188 or visit
www.obermeyerwood.com.

Media Contact:

Jamie Braverman
(212) 278-9630
Jamie.Braverman@invesco.com