Smead Capital​ Moving Headquarters To Phoenix From Seattle

PHOENIX — Investment advisement company Smead Capital Management is moving its headquarters from Seattle to Phoenix effective July 1.

In a release last week, the company said it chose Phoenix because the metro has a large pool of investment management talent, a high quality of life and access to domestic and global markets through Sky Harbor International Airport.

Company president Cole Smead said moving to Phoenix will benefit both the company and its clients.

“We are playing the long game for our company, colleagues, clients and shareholders with this transition to our new location,” Smead said in a statement. “As we plan for the next chapter of our organization, we believe that we gain tangible and intangible benefits through Greater Phoenix and its surrounding communities.”

The Greater Phoenix Economic Council said it sees the metro as a financial hub, and Smead's presence in the city will help bolster the region further.

“Smead Capital Management’s headquarters relocation to Greater Phoenix is indicative of the value investment firms find in the region’s ability to help companies grow, deliver top talent, provide impactful connections and infrastructure needed for a global financial services firm to thrive,” Chris Camacho, President & CEO at Greater Phoenix Economic Council, said in a statement. “Smead’s entry into Greater Phoenix will bring a number of high-wage jobs at a critical time. We welcome them to the region.”

Smead now has offices in Phoenix, London and West Conshohocken, Pennsylvania.