PORTLAND, Ore., Jan. 20, 2017 /PRNewswire/ -- Northwest Capital Management, Inc. (NWCM), a leading wealth management, investment advisory and consulting firm, announced that it has made a strategic investment in Harbour Investment Management, LLC ("Harbour"), a registered investment advisory firm located in Edmonds, WA. NWCM is located in Portland, OR.

Harbour, founded in 1991 by Hans D. Berkenhoff, CFA, specializes in portfolio management for high net worth individuals using individual stocks and bonds. NWCM, founded in 1998, primarily utilizes active and passive mutual funds and exchange traded funds (ETFs) when building portfolios.

The partnership arising from this transaction will allow NWCM to leverage the significant expertise of Harbour and incorporate individual stock and bond securities within its Client portfolios. Similarly, Harbour will leverage NWCM's expertise to add broadly-diversified funds and ETFs into their Client portfolios.

Erika Hill, CFA, Harbour's CEO, commented, "Our Clients will be able to access NWCM's strong financial planning resources and practitioners. NWCM will also provide expertise to us in the service of our qualified retirement plans."

Fred Payne, CFP, NWCM's CEO, commented, "With Harbour's help, NWCM can enhance the quality of our Client portfolios. This investment expands our geographic reach and is consistent with our goal to become one of the West Coast's pre-eminent investment advisory firms."

Both firms will continue to operate independently in the immediate future, and anticipate a merger of back-office operations by the end of 2017.

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Aalok Shah
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SOURCE Northwest Capital Management, Inc.