iM Global Partner, a Paris, France-based owner of asset management firms internationally that currently manages about $20 billion, has entered into an agreement to acquire Litman Gregory, a Walnut Creek, California-based wealth and asset management firm that manages and oversees $6.2 billion in assets.
Founded in 1987, Litman Gregory has developed a range of mutual funds in addition to managing wealth for individuals and nonprofit organizations.
The acquisition is intended to enhance iM Global’s distribution capabilities in the U.S., the company said in a release.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
