Billion Dollar Investment Firm Fed-Up With Seattle Moving to Phoenix

A billion-dollar investment advisory company, fed-up with the instability of the city of Seattle, has decided to leave Seattle and move to Phoenix, Arizona.

Cole Smead, the president and CEO of Smead Capital Management, which manages roughly $1.58 billion, told KTAR News 92.3 FM, “The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today.”