BOULDER -Sargent Bickham Lagudis LLC, a wealth-management firm in Boulder, hired Richard Lawrence as president and chief executive.

Brad Bickham, who has served as president since 1999, will now focus on portfolio management and investment research as chief investment officer and chairman.

Lawrence was the president, CEO and chief operating officer for the University of Colorado Foundation. Prior to working at the foundation, Lawrence's 30-year career in banking at Vectra Bank and Bank One included senior-management positions in finance, operations and retail bank management.

"Rick's experience will be invaluable in helping our company to continue to grow and thrive," Bickham said. "Our assets under management are now almost $900 million, and our clients number nearly 400. The complexity of our business has grown to where a seasoned professional manager like Rick Lawrence is essential."

Sargent Bickham Lagudis is a fee-only wealth-management firm providing investment management and financial planning for high-net-worth individuals, families and nonprofits. It has offices in Boulder and Denver serving clients throughout Colorado and the United States.