D.A. Davidson & Co. Opens Minden, Nevada Branch with Three-Person Team of Financial Professionals

April 2, 2020

Expansion Marks Latest Move in Firm’s Growth Strategy

D.A. Davidson & Co. today announced the opening of a new wealth management office in Minden, Nev., welcoming a three-person team of professionals with extensive financial services experience. The Rich Concepts Investment Group, Financial Advisors with D.A. Davidson, previously worked with Wells Fargo Advisors.

“We are pleased to strengthen our presence in Nevada by welcoming a team that is so highly respected and has such deep roots in the Carson Valley,” said Michael Purpura, President of Wealth Management for the firm. “The opening of our Minden office reflects our firm’s commitment to partnering with advisors who share our client-first philosophy. We look forward to serving their clients.”

The group includes:

  • Ted Rich, Senior Vice President, Financial Advisor. Rich joins D.A. Davidson after serving as a financial advisor since 1992 and previous work in sales. He holds a bachelor’s degree in mass communications and marketing from San Jose University and is actively involved in the local community.
  • Megan Phillips, CRPC®, Senior Vice President, Financial Advisor. Phillips previously served with Wells Fargo in several roles, including work as a personal banker and regional private banker. A graduate of the University of Nevada at Reno, she has earned the Chartered Retirement Planning Counselor professional designation.
  • Cheryl Cheney, Registered Client Associate. Cheney comes to D.A. Davidson with extensive experience in the financial services industry. She has worked in a supporting role for more than 40 years, all with Wells Fargo.

The new branch is located at 1644 U.S. Highway 395 North, Suite 1B in Minden.

The team is part of D.A. Davidson Wealth Management, which offers an array of financial products and services to individuals, families, businesses and institutions. For 85 years, the firm’s advisors have provided straightforward advice and personalized solutions to help build, protect and pass on wealth for generations to come.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 26 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit