Industry observers expect a small wave of follow-on deals from competitors. Talent retention will be the principal concern, executives said in an internal memo reviewed by InvestLin. Insiders say the firm has been quietly building out its alternatives platform since last summer. It is the kind of deal that says less about price than about positioning for the next cycle. Both sides described the transaction as transformational, but neither would discuss financial terms on the record.
It is the kind of deal that says less about price than about positioning for the next cycle. The combined entity is expected to manage just over four billion dollars when the transaction closes. Both sides described the transaction as transformational, but neither would discuss financial terms on the record. Custodial rivals were watching closely, hoping to scoop up assets in any post-merger turbulence.
The detail
Both sides described the transaction as transformational, but neither would discuss financial terms on the record. Compliance staff inside the acquirer have been preparing for the integration since early March. Insiders say the firm has been quietly building out its alternatives platform since last summer. Regulatory filings are not expected to slow the timeline; the deal is expected to close in the third quarter. The deal is the latest in a wave of consolidation that has reshaped the channel over the past three years.
“AI has changed everything in our practice except the moment of trust.” Survey respondent, $400M practice
Custodial rivals were watching closely, hoping to scoop up assets in any post-merger turbulence. Compliance staff inside the acquirer have been preparing for the integration since early March. The deal is the latest in a wave of consolidation that has reshaped the channel over the past three years. Insiders say the firm has been quietly building out its alternatives platform since last summer.
What it means for advisors
The deal is the latest in a wave of consolidation that has reshaped the channel over the past three years. Talent retention will be the principal concern, executives said in an internal memo reviewed by InvestLin. The combined entity is expected to manage just over four billion dollars when the transaction closes. Both sides described the transaction as transformational, but neither would discuss financial terms on the record.
- Custodial rivals were watching closely, hoping to scoop up assets in any post-merger turbulence. It is the kind of deal that says less about price than about positioning for the next cycle.
- Talent retention will be the principal concern, executives said in an internal memo reviewed by InvestLin. The deal is the latest in a wave of consolidation that has reshaped the channel over the past three years.
- Compensation for the senior partners is rumored to be tied to a five-year retention schedule. Custodial rivals were watching closely, hoping to scoop up assets in any post-merger turbulence.
Custodial rivals were watching closely, hoping to scoop up assets in any post-merger turbulence. Industry observers expect a small wave of follow-on deals from competitors. The deal is the latest in a wave of consolidation that has reshaped the channel over the past three years. It is the kind of deal that says less about price than about positioning for the next cycle.
