The story
The firm was founded in 2002 by Andrew Linbeck, Haag Sherman, Jeremy Radcliffe and John Blaisdell. In 2003, the Sanders Morris Harris Group (SMHG) secured a 50% stake in the firm, and Salient combined its assets with SMHG's Pinnacle Management & Trust Co. SMHG sold its ownership interests back to Salient in 2008. In 2015, Salient was the third largest Houston-area money management firm
ranked by local assets under management at $21.5 billion. That same year, the firm completed its acquisition of Forward Management LLC, reporting a resulting $27.6 billion in combined assets.
In 2012, the firm launched the Salient Risk Parity Index, purportedly the first of its kind for the industry.
In February 2020, J. Philip Ferguson took over as interim CEO following the unexpected death of founder and long-term CEO John Blaisdell. Later that year the board appointed Bill Enszer as CEO. Prior to becoming CEO, Enszer was a managing director with the firm for over 10 years.
In November 2022, Salient Partners was acquired by Westwood Holdings, an investment and wealth management firm based in Dallas.
From Wikipedia’s article on Salient Partners, shared under CC BY-SA 4.0.5