The merger of two Denver-based investment management firms this summer will create the largest privately held investment manager in the Denver area.

Denver Investment Advisors LLC and Tempest Investment Counselors, Inc. intend to merge June 30 under the Denver Investment Advisors name.

Denver Investment is the larger of the two firms with $6.4 billion in assets under management and 82 employees. It serves 175 individuals and 123 institutions nationwide.

Tempest has $440 million in assets under management. Its 11 employees will join Denver Investments' offices later this summer.

Trustees for the two firms' funds will consider whether to consolidate Tempest's Aristata fund family into Denver Investment's Westcore family of funds.

Both firms focus on managing accounts for high net worth individuals and institutional clients.  

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