Lloyd Drumm, Principal
Rainier Group Expands to South – Opens New Dallas Office
SEATTLE, February 25, 2013—The Rainier Group, Inc., a national financial consultancy, announced today the opening of a new office in Dallas. The Rainier Group’s Dallas office will be managed by Lloyd Drumm, a Rainier Group principal.
For the past 12 years, Rainier Group’s consultants have advised Texas and Louisiana business owners with personal net worth ranging from $20 million to $1 billion.
The office opening will serve to expand the firm’s presence in one of the most robust private enterprise markets in the country. The Texas business community produces the world’s 12th largest economy with a Gross State Product in excess of $1 trillion annually, according to the Texas Small Business Association.
Texas’s privately held and closely held businesses provide the economic underpinnings for the region’s employment and future growth. However, due to the aging ownership demographic, 70 percent of these businesses will face a transfer of ownership in the next decade. “Rainier Group looks forward to serving the South through its Dallas office, providing vitally important Succession Planning services that are crucial to the perpetuation of closely-held businesses and the future economic health of the region,” says Rainier Group’s President Dave Roberts.
The Dallas office will be the fifth location for The Rainier Group, which previously accelerated expansion from the Pacific Northwest into the South by opening offices in San Francisco and Los Angeles. The strategic expansion into the Southeast aligns with Rainier’s specialized skills in business transition service (BTS) planning, providing a solid platform for further growth in the region.
“We are at a point historically where proactive succession planning is necessary to avoid a cascading negative economic impact,” says Roberts. With more than a decade of history in the region, and 25 years of history in financial consulting, Rainier Group is growing in response to client needs. Rainier’s Dallas office will allow the firm to provide additional attention and resources directed to serving local clients in Texas and the Southeast region.
ABOUT THE RAINIER GROUP
The Rainier Group, Inc., founded in 1988, is a national consulting and wealth management firm, focusing on business advisory and full-spectrum investment services for privately-held companies and affluent individuals. More than 800 clients are advised by The Rainier Group in the areas of business transition, succession and wealth management. For more information contact The Rainier Group at 214-706-9200.