North Carolina-based firm acquires $600M RIA founded by Arthur Laffer

ButcherJoseph Financial Holdings, an affiliate of the Charlotte, N.C.-based investment banking firm ButcherJoseph & Co., has acquired Laffer Investments Inc., a Nashville, Tenn.-based RIA managing $600 million. [Recommended video: Financial planners may find states are better route for meaningful standards than Reg BI] Laffer Investments was founded in 1999 by economist Arthur B. Laffer and his son, Arthur B. Laffer Jr. The elder Mr. Laffer was the creator of the Laffer Curve, which was popularized in the 1970s and which illustrates a theoretical relationship between rates of inflation and resulting levels of government revenue. [More: Merger and acquisition activity drops dramatically in the second quarter] Once the firm is acquired, Nancy Tengler will become its chief investment officer and the firm will be renamed Laffer Tengler Investments. Our final Women Adviser Summit of 2019 will be held in New York City.​ Register now.